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750 McNab Road

Dana Safety Supply Leases Larger Industrial Space In Fort Lauderdale
LEASEDIndustrial

Dana Safety Supply Leases Larger Industrial Space In Fort Lauderdale

750 McNab Road

$12

$12/SF

Building Size

14,793 SF

Asset Type

Industrial

Closing

Jun 22, 2023

AI

Located in Fort Lauderdale, the industrial property at 750 McNab Road has recently been leased to Dana Safety Supply. The seven-year lease agreement offers a spacious area of 14,793 square feet with ample parking for up to 100 vehicles. This larger space will accommodate Dana Safety Supply's need for expansion and addresses the limitations of their previous location. The property is represented by Steve Davis of SVN Commercial, acting as the landlord's representative, and Jeffrey Cebula of NAI/Merin Hunter Codman, serving as the tenant's representative.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not mentioned
  • Asking Rent: $12/ft.
  • Square Footage: 14,793
  • Tenant: Dana Safety Supply
  • Landlord's Rep: Steve Davis - SVN Commercial
  • Tenant's Rep: Jeffrey Cebula - NAI/Merin Hunter Codman

Dana Safety Supply, a provider of safety equipment for law enforcement vehicles, has chosen to relocate their Broward County location to this larger industrial space. Steve Davis, representing the landlord through SVN Commercial, facilitated the lease agreement with Jeffrey Cebula of NAI/Merin Hunter Codman, who served as the tenant's representative. This move allows Dana Safety Supply to meet their growing needs and overcome the limitations of their previous location.

Players

Steven Davis

SVN

Broker

$13M

vol

3 deals

Broker

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

1321916.67%

Cash-on-Cash

-377807.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93