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7435 West 18th Lane

EQT Exeter Leases 25,000 SF Industrial Space To Florida Export Packers In Hialeah
LEASEDIndustrial

EQT Exeter Leases 25,000 SF Industrial Space To Florida Export Packers In Hialeah

7435 West 18th Lane

$13

$13/SF

Building Size

25,000 SF

Asset Type

Industrial

Closing

Feb 1, 2025

AI

The industrial asset located at 7435 West 18th Lane in Hialeah encompasses a total square footage of 25,000. The property was leased under terms that include an asking rent of $13 per square foot, with a lease duration of 4 years structured as an NNN lease.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13/ft
  • Address: 7435 West 18th Lane
  • Market: Hialeah
  • Landlord: EQT Exeter
  • Tenant: Dan Greenberg - Florida Export Packers
  • Landlord's Representative: Sander Smith - EQT Exeter
  • Tenant's Representatives: Joel A. Kattan & Anthony Peragine - SVN
  • Lease Term: 4 Year Lease
  • Lease Type: NNN Lease

SVN Commercial Realty represented Florida Export Packers in the lease expansion, with Joel Kattan and Anthony Peragine also previously representing the tenant in their original 40,000 square foot lease at the EQT Exeter owned property. The collaboration involved Sander Smith in both transactions.

Players

Joel A. Kattan

SVN

Broker

$171.8M

vol

15 deals

Broker

Hialeah 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

1220230.77%

Cash-on-Cash

-348745.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93