Palmetto Logistics Leases Industrial Space In Medley At 8130 Northwest 74th Avenue For 10 Years

The property asset involved in the transaction is an industrial space located at 8130 Northwest 74th Avenue in Medley, with a total square footage of 184,000. The asking rent for this property was set at $17 per square foot on a triple net (NNN) basis. The lease term negotiated for this asset is 10 years, under a NNN lease structure. The landlord in this transaction is Palmetto Logistics.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $17/ft. NNN
• Address: 8130 Northwest 74th Avenue
• Market: Medley
• Asset Size: 184,000 SF
• Lease Term: 10 years
• Lease Type: NNN Lease
• Landlord: Palmetto Logistics
• Brokers: Alexander Bernaldo & Michael Silva - Americas Commercial Real Estate

Key individuals involved in the deal include brokers Alexander Bernaldo and Michael Silva, representing the interests of the landlord, Palmetto Logistics. They are affiliated with Americas Commercial Real Estate, facilitating the leasing process and ensuring the terms aligned with the landlord's requirements.