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7000 Northwest 32nd Avenue

Nate Jorgensen Of Pro Industrial Represents Boise Cascade In Lease At 7000 Northwest 32nd Avenue
LEASEDIndustrial

Nate Jorgensen Of Pro Industrial Represents Boise Cascade In Lease At 7000 Northwest 32nd Avenue

7000 Northwest 32nd Avenue

Building Size

162,119 SF

Asset Type

Industrial

Closing

Mar 25, 2025

AI

The property asset involved in this transaction is an industrial space located at 7000 Northwest 32nd Avenue in Miami. The total square footage of the property is 162,119 square feet, facilitating various industrial activities within a significant market area.

Summary of transaction details:

This transaction involved key stakeholders representing both tenant and landlord interests. The tenant was represented by Will Falero from Pro Industrial alongside Ken Morris and Sky Groden from JLL. The landlord, CenterPoint Properties, was represented by Wayne Ramoski, Ivanna Leitner Perez, and Skylar Stein, all of Cushman & Wakefield.

Players

Wayne Ramoski

Cushman & Wakefield

Broker

$128.3M

vol

14 deals

Broker
CBRE
CBREBrokerage

Bob Chapman

CenterPoint Properties

Landlord

$968.1M

vol

13 deals

Landlord
CenterPoint Properties
CenterPoint PropertiesLandlord

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