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
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