DHL Renews 100,000 SF Lease At Beacon Centre Miami With RREEF
8400 NW 25th St, Miami, FL, 33122
Building Size
100,000 SF
Asset Type
Industrial
Closing
Dec 18, 2017
AI
The property involved in the transaction is an industrial asset located at 8400 NW 25th St in Miami, FL, 33122. The asset, part of Beacon Centre, is a Class A business park in Miami’s Airport/Doral submarket. It spans 180,000 square feet with a fully leased 100,000 square feet to DHL, a global logistics provider. The landlord is RREEF Property Trust.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: DHL
- Tenant's Rep: Walter Byrd(Transwestern)
- Landlord: RREEF
- Square Feet: 100,000
The key individuals involved in the deal include Thomas Kresse, Ben Eisenberg, and Carlos Gaviria from Transwestern, acting on behalf of the landlord. They facilitated the lease renewal transaction with DHL at Beacon Centre. Walter Byrd, Senior Managing Director at Transwestern, represented DHL in the lease negotiations, emphasizing the strategic importance of the property's location in Doral, just two miles from Miami International Airport’s cargo facilities.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93