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7275 Northwest 61st Street

Ceramica Verea USA Corp Signs NNN Lease At 7275 Northwest 61st Street Miami With Landlord Ein Liteman
LEASEDIndustrial

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

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker

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