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
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