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8400 NW 25th St, Miami, FL,...

DHL Renews 100,000 SF Lease At Beacon Centre Miami With RREEF
LEASEDIndustrial

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

Walter Byrd

Transwestern

Broker

$53M

vol

18 deals

Broker
RA
Rreef AmericaLandlord

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