Updated Dec 4, 2024
Inc. Leases Industrial Space At 13200 Northwest 38th Court In Opa Locka
13200 Northwest 38th Court
$16
$16/SF
Building Size
24,776 SF
Asset Type
Industrial
Closing
Oct 21, 2024
About this deal
AI
The property asset involved in the transaction is an industrial space located at 13200 Northwest 38th Court in Opa Locka, Miami-Dade. The asset spans a total square footage of 24,776 and was leased at an asking rent of $16 per square foot. The lease agreement is set for a term of 5 years under a Single Tenant Net Lease structure.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16/ft
- Lease Term: 5 Year NNN Lease
- Tenant: , Inc.
- Brokers: Raul Pino & Pablo Vignolo - The Hype Real Estate Group
This transaction marks one of the highest recorded lease transactions in the Opa Locka submarket of Miami-Dade and was achieved within two weeks of listing the property. The brokers, Raul Pino and Pablo Vignolo, represented both the Landlord and the Tenant in this transaction, demonstrating a keen ability to meet client needs and facilitate agreements effectively.
On the Map
$16
$16/SF
Industrial
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Players
Opa Locka 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