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7850 Northwest 74th Avenue,...

GrowGeneration Corp. Leases Industrial Space In Medley From DRA Advisors
LEASEDIndustrial

GrowGeneration Corp. Leases Industrial Space In Medley From DRA Advisors

7850 Northwest 74th Avenue, Medley, FL, USA

Building Size

58,845 SF

Asset Type

Industrial

Closing

Mar 28, 2021

AI

GrowGeneration Corp., represented by Darren Lampert, has signed a 10.5-year lease for an industrial property located at 7850 NW 74th Avenue in Medley. The property covers approximately 58,845 square feet and the asking rent is $9.95 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 7850 NW 74th Avenue, Medley
  • Market: Medley

The landlord in this deal is DRA Advisors, with Wayne Ramoski, Gian Rodriguez, and Skyler Stein representing them from Cushman & Wakefield. GrowGeneration Corp. was represented by Nick Wigoda from Newmark.

Players

Wayne Ramoski

Cushman & Wakefield

Broker

$128.3M

vol

14 deals

Broker
DRA Advisors
DRA AdvisorsLender
DRA Advisors
DRA AdvisorsLandlord

Medley Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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