Luis Piñeres Leases 28049 SF Industrial Space At 2020 Northwest 89th Place Doral
2020 Northwest 89th Place
$22
$22/SF
Building Size
28,049 SF
Asset Type
Industrial
Closing
May 28, 2025
AI
The property asset is an industrial type located at 2020 Northwest 89th Place in Doral. The leased space encompasses 28,049 square feet with an asking rent of $22 per square foot. The lease type is classified as a NNN Lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22/ft
- Address: 2020 Northwest 89th Place
- Market: Doral
- Landlord: Edwin Verdezoto
- Tenant: Luis Piñeres
- Landlord's Representative: Gabriel Garcia Menocal - NAI Global
- Tenant's Representatives: Hector Catano & Manuel Romero - Cornerstone International Realty
This lease agreement involves key figures in the transaction, including the landlord Edwin Verdezoto and tenant Luis Piñeres. The representatives for the landlord and tenant played significant roles, with Gabriel Garcia Menocal from NAI Global representing the landlord and Hector Catano alongside Manuel Romero from Cornerstone International Realty representing the tenant.
Players
Doral 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
721045.45%
Cash-on-Cash
-206077.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93