facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Lease

/

2020 Northwest 89th Place

Luis Piñeres Leases 28049 SF Industrial Space At 2020 Northwest 89th Place Doral
LEASEDIndustrial

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

Gabriel Garcia Menocal

NAI Global

Broker

$54.8M

vol

5 deals

Broker
Cornerstone International Realty
Cornerstone International RealtyBrokerage

Doral Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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