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
Medley 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