facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Industrial

/

Lease

/

9575 Southwest 174th Street

Logistics Plus Leases Industrial Space In Hialeah From Greystar
LEASEDIndustrial

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

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.

Players

Frank Trelles

Vivo Real Estate Group

Broker

$104.8M

vol

40 deals

Broker
Greystar
GreystarLandlord

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

1057533.33%

Cash-on-Cash

-302246.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93