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7 Northwest 7th Avenue

Titan Aviation Signs NNN Lease For 83,635 SF Industrial Space At 7 Northwest 7th Avenue
LEASEDIndustrial

Titan Aviation Signs NNN Lease For 83,635 SF Industrial Space At 7 Northwest 7th Avenue

7 Northwest 7th Avenue

$6

$6/SF

Building Size

83,635 SF

Asset Type

Industrial

Closing

Aug 6, 2024

AI

The property asset involved in this transaction is an industrial space located at 7 Northwest 7th Avenue in Dania Beach. The total square footage of the property is 83,635 and it is leased under a NNN Lease agreement with an asking rent of $6 per square foot.

Summary of transaction details:

This deal involved key industry players, with Port Capital as the landlord and Titan Aviation as the tenant. The brokers representing the transaction are Noah Ohayon, Elad Barokas, and Eli Sasson Bril from AXIOM Capital Advisors, highlighting the brokerage's role in facilitating this lease agreement.

Players

Elad Barokas

AXIOM Capital Advisors

Broker

$82.1M

vol

25 deals

Broker

Dania 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

2643833.33%

Cash-on-Cash

-755615.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93