Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $6/ft
- Lease Type: NNN Lease
- Landlord: Port Capital - Subsidiary of Triarch Capital Group
- Tenant: Titan Aviation
- Broker Representatives: Noah Ohayon, Elad Barokas & Eli Sasson Bril - AXIOM Capital Advisors
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.
On the Map
$6
$6/SF
Industrial
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Players
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