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5601 NW 72nd Ave, Miami, FL...

Ceva Logistics Leases 364608 Square Feet At 5601 NW 72nd Ave Miami From Clarion Partners
LEASEDIndustrial

Ceva Logistics Leases 364608 Square Feet At 5601 NW 72nd Ave Miami From Clarion Partners

5601 NW 72nd Ave, Miami, FL, 33166

Building Size

364,608 SF

Asset Type

Industrial

Closing

Mar 27, 2019

AI

The industrial property located at 5601 NW 72nd Ave in Miami, FL, has a total area of 364,608 square feet. Situated approximately seven miles west of Miami International Airport, this property is occupied by Ceva Logistics, a global logistics supply chain company, which has renewed its lease at this location. The property is part of the Miami market.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not disclosed
  • Tenant: Ceva Logistics
  • Landlord: Clarion Partners
  • Tenant's Representative: Devin White - CBRE
  • Landlord's Representatives: Thomas Kresse, Ben Eisenberg, Walter Byrd, and Carlos Gaviria - Transwestern Commercial Services
  • Square Feet: 364,608

This lease transaction involved multiple representatives from Transwestern Commercial Services who facilitated the process for the landlord, ensuring a smooth renewal for Ceva Logistics. The transaction reflects Ceva Logistics' commitment to maintaining its operations in the Miami area.

Players

Devin White

CBRE

Broker

$461.7M

vol

22 deals

Broker
Clarion Partners
Clarion PartnersLender
Clarion Partners
Clarion PartnersLandlord

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93