Ceramica Verea USA Corp Signs NNN Lease At 7275 Northwest 61st Street Miami With Landlord Ein Liteman
7275 Northwest 61st Street
$5
$5/SF
Building Size
82,504 SF
Asset Type
Industrial
Closing
Aug 5, 2024
AI
The leased property is situated at 7275 Northwest 61st Street, in the Miami market. This industrial asset features a total square footage of 82,504, and it operates under a NNN Lease. The asking rent for this property was set at $5 per square foot. The site encompasses approximately 4.11 acres, and the building is fully paved, drained, lit, and fenced.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $5/ft
- Square Footage: 82,504
- Address: 7275 Northwest 61st Street
- Market: Miami
- Landlord: Ein Liteman - Gemini Investments & Warehousing, Inc.
- Tenant: Ceramica Verea USA Corp
- Brokers: Larry Genet, Zack Krawiec & Tom O'Loughlin - CBRE
- Lease Type: NNN Lease
Note from brokers includes a mention that Zach Krawiec, Larry Genet, and Tom O'Loughlin expressed their excitement over another closed deal just outside Doral in Miami. This lease was finalized four months after hitting the market, highlighting their continued activity in Class A, B, C, and IOS space transactions in Dade and Broward County. They encourage others with vacancies to reach out for quick leasing solutions.
Players
Miami 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
3172600.00%
Cash-on-Cash
-906738.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93