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1600 Northwest 18th Street

John Kent Leases Industrial Space At 1600 Northwest 18th Street To Garrison Systems LLC
LEASEDIndustrial

John Kent Leases Industrial Space At 1600 Northwest 18th Street To Garrison Systems LLC

1600 Northwest 18th Street

$17

$17/SF

Building Size

26,605 SF

Asset Type

Industrial

Closing

Sep 3, 2025

AI

The property asset involved in the lease is an industrial space located at 1600 Northwest 18th Street in Pompano Beach. The total square footage of the property is 26,605, and it has an asking rent of $17 per foot. The lease type is classified as NNN Lease.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $17/ft
  • Square Footage: 26,605
  • Address: 1600 Northwest 18th Street
  • Market: Pompano Beach
  • Landlord: John Kent
  • Tenant: Garrison Systems LLC
  • Landlord's Representative: Chris Metzger - Cushman & Wakefield
  • Tenant's Representative: Anthony Mamann - LRM CREA

The deal involves key individuals including landlord John Kent who owns the property and tenant Garrison Systems LLC who occupies the space. Chris Metzger from Cushman & Wakefield represents the landlord while Anthony Mamann from LRM CREA represents the tenant, facilitating the arrangement between both parties.

Players

Christopher Metzger

Cushman & Wakefield

Broker

$160.4M

vol

26 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Pompano Beach 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

933117.65%

Cash-on-Cash

-266687.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93