Link Logistics Secures Three Industrial Leases Totaling 115,896 Square Feet In Medley Florida
8593 Northwest 96th Street
Building Size
115,896 SF
Asset Type
Industrial
Closing
Jun 9, 2026
AI
The property involved in this transaction is an industrial asset located at 8593 Northwest 96th Street in Medley, Florida. It encompasses a total of 115,896 square feet within the 310,456-square-foot Sycamore Logistics Center, strategically positioned near Miami International Airport and major transportation corridors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8593 Northwest 96th Street
- Market: Medley, FL
- Landlord: Luke J. Petherbridge - Link Logistics
- Brokers: Carlos Gaviria & Walter Byrd - Transwestern
- Leases: Three leases totaling 115,896 square feet
- Lease Sizes: Ranging from 27,086 to 61,724 square feet
The transaction was facilitated by brokers Carlos Gaviria and Walter Byrd from Transwestern, who represented the landlord, Luke J. Petherbridge of Link Logistics. These leases support the further leasing of the two-building logistics park, enhancing its occupancy and operational potential.
Players
Market 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93