facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Lease

/

8406 Northwest 90th Street

First Industrial Leases 198,108 SF Industrial Property In Medley For $16/ft
LEASEDIndustrial

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

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.

Players

Frank Trelles

Vivo Real Estate Group

Broker

$104.8M

vol

39 deals

Broker
First Industrial Realty Trust
First Industrial Realty TrustBrokerage
First Industrial Realty Trust
First Industrial Realty TrustLandlord

Market Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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