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6301 E 10th Ave, Hialeah, F...

Iberia Foods Leases Industrial Space In Hialeah To The Easton Group's Mike Waite
LEASEDIndustrial

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

Michael Waite

The Easton Group

Broker

$5.3M

vol

6 deals

Broker
IF
Iberia FoodsTenant

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