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7811 Northwest 7th Avenue

Hit House Entertainment, Inc. Leases Industrial Space At 7811 NW 7th Ave In Little River
LEASEDIndustrial

Hit House Entertainment, Inc. Leases Industrial Space At 7811 NW 7th Ave In Little River

7811 Northwest 7th Avenue

$38

$38/SF

Building Size

7,850 SF

Asset Type

Industrial

Closing

Aug 23, 2022

AI

The industrial property located at 7811 NW 7th Ave in Little River has been leased. The property, spanning approximately 7,850 square feet, was leased by Hit House Entertainment, Inc.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not applicable (LEASE)
  • Address: 7811 NW 7th Ave
  • Market: Little River

The landlord for this lease agreement is Eller Drive Properties. The tenant, Hit House Entertainment, Inc., was represented by Jade Kalbacher from Compass. The landlord was represented by Irene Dakota from Gridline Properties and Jonathan Salk from ZYX Capital.

The asking rent for this lease is $38.22 per square foot on a triple net basis (NNN). No additional information about the lease terms or duration was provided.

Players

Jonathan Salk

ZYX Capital

Broker

$135.8M

vol

7 deals

Broker
EP
Eller Drive PropertiesLandlord

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

417447.37%

Cash-on-Cash

-119307.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93