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
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