Updated Oct 28, 2024
QX Distribution Leases Industrial Space In Miami, FL With Landlord Eladio Gomez
74 Northwest 74th Avenue, Miami, FL 33126, USA
Building Size
100,000 SF
Asset Type
Industrial
Closing
Nov 22, 2021
About this deal
AI
The industrial property located at NW 74th Ave in Miami, FL has been leased. The transaction took place on November 22, 2021. The property spans approximately 100,000 square feet and is represented by Shanna Naim from Ensemble Real Estate Solutions. The landlord of the property is Eladio Gomez, and the tenant is QX Distribution. The asking rent for the lease was $11.00 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: November 22, 2021
- Address: NW 74th Ave, Miami, FL
- Affiliated Broker: Shanna Naim - Ensemble Real Estate Solutions
The deal involved Eladio Gomez as the landlord, leasing the property to QX Distribution. Shanna Naim from Ensemble Real Estate Solutions acted as the broker representing both parties in the transaction.
Players
Miami 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