Terreno Realty Corporation Leases Industrial Space To Perishable Logistics Co In Doral For 10 Years
7755 Northwest 41st Street
Building Size
116,634 SF
Asset Type
Industrial
Closing
Dec 21, 2025
AI
The property asset involved in this lease transaction is located at 7755 Northwest 41st Street in the Doral market. This industrial asset has a total square footage of approximately 116,634. The transaction is characterized by a long-term lease agreement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Lease Term: 10 years
- Lease Type: NNN Lease
- Landlord: Terreno Realty Corporation
- Tenant: Perishable Logistics Co
- Brokerage Representatives: Edison Vasquez, Michaela Senior, Patrick McBride & Chris Spear - ComReal
The deal involves key individuals including Edison Vasquez, Michaela Senior, Patrick McBride, and Chris Spear, who represented the brokerage ComReal in the transaction. Their roles were instrumental in facilitating the agreement between Terreno Realty Corporation and Perishable Logistics Co.
Players
Doral 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