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
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