Xtreme Aviation Leases 45,300 SF At Prologis I-595 In Davie
7050 Florida Highway 84 & 7060 West State Road 84
Building Size
90,600 SF
Asset Type
Industrial
Closing
Feb 26, 2024
AI
The industrial property located at 7050-7060 West State Road 84 in Davie spans 45,300 square feet. It was leased by Xtreme Aviation, filling the industrial campus to full capacity. The landlords of the property are Hamid Moghadam and Dylan Esquenazi of Prologis, while the tenant is Luis Gonzalez from Xtreme Aviation.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Landlord: Hamid Moghadam & Dylan Esquenazi - Prologis
- Tenant: Luis Gonzalez - Xtreme Aviation
- Landlord's Rep: Jonathan Thiel & Keith Graves - Berger Commercial Realty/Corfac International
- Tenant's Rep: Peter Sheridan - JLL
The deal was facilitated by Jonathan Thiel and Keith Graves of Berger Commercial Realty/Corfac International, Dylan Esquenazi of Prologis, and Peter Sheridan from JLL. Xtreme Aviation's leasing of the property at Prologis I-595 in Davie marked the fulfillment of the industrial campus's total capacity.
Players
Fort Lauderdale 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