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
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