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7275 Northwest 64th Street

TakeTheKey LL Leases Industrial Space At 7275 Northwest 64th Street In Miami From Landlord Julio Otazo
LEASEDIndustrial

TakeTheKey LL Leases Industrial Space At 7275 Northwest 64th Street In Miami From Landlord Julio Otazo

7275 Northwest 64th Street

$25

$25/SF

Building Size

10,000 SF

Asset Type

Industrial

Closing

Apr 12, 2023

AI

The leased property at 7275 Northwest 64th Street in Miami is an industrial asset with a size of 10,000 square feet. The lease term is set for 7 years. The landlord, Julio Otazo, has secured a record-breaking lease with Takethekey Ll as the tenant in this transaction. The asking rent for the property is $25 per square foot.

Summary of transaction details:

This lease deal was facilitated by George Smith and Gregory Carett, representing the respective parties involved in the transaction. They ensured a successful agreement between the landlord, Julio Otazo, and the tenant, Takethekey Ll.

Note from brokers: A record-breaking lease in the area.

Players

George Smith

Smith Commercial Property Group

Broker

$159.2M

vol

18 deals

Broker

Market 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

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93