Updated Jan 2, 2025
First Industrial Leases 198,108 SF Industrial Property In Medley For $16/ft
8406 Northwest 90th Street
$16
$16/SF
Building Size
198,108 SF
Asset Type
Industrial
Closing
Mar 17, 2023
About this deal
AI
The industrial property located at 8406 Northwest 90th Street in Medley has been leased in a transaction. The property, which spans a total area of 198,108 square feet, was leased for a term of 10 years. The asking rent for the property was $16 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Lease Term: 10 Years
- Asking Rent: $16 per square foot
In this lease transaction, the landlord involved is First Industrial. Representing the tenant in this deal is Frank Trelles from State Street Realty.
On the Map
$16
$16/SF
Industrial
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Players
Market 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
991437.50%
Cash-on-Cash
-283355.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93