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8150 NW 76th Ave, Miami, FL...

Del Valle Brands Leases Industrial Building In Medley, Miami From Seagis Property Group
LEASEDIndustrial

Del Valle Brands Leases Industrial Building In Medley, Miami From Seagis Property Group

8150 NW 76th Ave, Miami, FL, 33166

Building Size

125,926 SF

Asset Type

Industrial

Closing

Mar 25, 2020

AI

The property involved in the transaction is an industrial building located at 8150 NW 76th Ave in Miami, FL, 33166. The building, owned by Seagis Property Group, spans 125,976 square feet and is situated in the Medley market of Miami.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Landlord: Seagis Property Group
  • Tenant: Del Valle Brands
  • Landlord's Rep: Walter Byrd (Transwestern)
  • Tenant's Rep: Lee Katsikos (The Katsikos Group)

The deal was facilitated by Transwestern Real Estate Services, with Managing Director Thomas Kresse, Executive Managing Directors Walter Byrd and Ben Eisenberg, and Vice President Carlos Gaviria representing the landlord, Seagis Property Group. The tenant, Del Valle Brands, was represented by Lee Katsikos of The Katsikos Group during the lease transaction.

Players

Walter Byrd

Transwestern

Broker

$53M

vol

18 deals

Broker
Seagis Property Group
Seagis Property GroupLandlord

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