Updated Dec 2, 2024
Logistics Plus Leases Industrial Space In Hialeah From Greystar
9575 Southwest 174th Street
$15
$15/SF
Building Size
182,000 SF
Asset Type
Industrial
Closing
Feb 17, 2023
About this deal
AI
The industrial property located at 9575 Northwest 174th Street in Hialeah has been leased by Logistics Plus. The property, spanning 182,000 square feet, was leased for a term of 10 years. The landlord in this transaction is Greystar. The asking rent for the property was $15 per square foot.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 9575 Northwest 174th Street, Hialeah
- Market: Hialeah
- Tenant: Logistics Plus
- Tenant's Representative: Frank Trelles - State Street Realty
- Asking Rent: $15 per square foot
- Lease Term: 10 years
Logistics Plus, represented by Frank Trelles from State Street Realty, will now occupy the industrial property at 9575 Northwest 174th Street in Hialeah. This lease agreement with Greystar will enable Logistics Plus to benefit from the ample space provided by the 182,000 square foot facility.
On the Map
$15
$15/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
1057533.33%
Cash-on-Cash
-302246.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93