Updated Oct 29, 2024
TakeTheKey LL Leases Industrial Space At 7275 Northwest 64th Street In Miami From Landlord Julio Otazo
7275 Northwest 64th Street
Building Size
10,000 SF
Asset Type
Industrial
Closing
Apr 12, 2023
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Not applicable
- Address: 7275 Northwest 64th Street, Miami
- Market: Miami
- Landlord: Julio Otazo
- Tenant: Takethekey Ll
- Brokers: George Smith & Gregory Carett - Smith Commercial Property Group
- Asking Rent: $25/ft
- Lease Term: 7 years
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.
On the Map
Industrial
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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