LEASEDIndustrial
Millwork Company Secures Long-Term Lease For 18364 Square Foot Industrial Space In Miami
7455 Northwest 32nd Avenue
Building Size
18,364 SF
Asset Type
Industrial
Closing
Sep 3, 2024
AI
The asset involved in this transaction is an industrial warehouse located at 7455 Northwest 32nd Avenue in Miami. The facility encompasses 18,364 square feet, catering to industrial uses.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Term: Long-term
- Brokers: Anthony Peragine & Joel A. Kattan
- Agency: SVN
- Tenant: Millwork company
Joel Kattan and Anthony Peragine from SVN represented the transaction, securing the long-term lease for the warehouse on behalf of the millwork company.
Players
Miami 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