Iberia Foods Leases Industrial Space In Hialeah To The Easton Group's Mike Waite
6301 E 10th Ave, Hialeah, FL, 33013
Building Size
77,966 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The property involved in this transaction is an industrial asset located at 6301 E 10th Ave, Hialeah, FL, 33013. The asset covers a total area of 77,966 square feet and is part of the greater market of Hialeah, which is known for its industrial offerings.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 6301 E 10th Ave, Hialeah, FL, 33013
- Market: Hialeah
- Square Feet: 77,966
- Tenant: Iberia Foods
- Landlord: Unknown
- Tenant's Representative: Michael (Mike) Waite (The Easton Group)
- Landlord's Representative: Walter Byrd (Transwestern)
- Brokers: Michael (Mike) Waite (The Easton Group)
This transaction was facilitated by the collaborative efforts of the South Florida industrial team at Transwestern Real Estate Services, with key individuals including Thomas Kresse, Walter Byrd, Ben Eisenberg, and Carlos Gaviria participating in representing the landlord. The lease was successfully secured for Iberia Foods at the Centergate at Gratigny complex.
Players
Hialeah 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