Updated Oct 14, 2025
Rednoir LLC Signs 5-Year Modified Gross Lease With Sunbeam Properties Inc In Miramar Florida
Premier Parkway
$504,564
$504,564/SF
Building Size
26,556 SF
Asset Type
Industrial
Closing
Oct 2, 2025
About this deal
AI
This transaction involves a 5-year modified gross lease for an industrial asset located at 9629-9631 Premier Parkway in Miramar, FL. The asking rent is set at $19 per square foot, with a total square footage of 26,556. The landlord for this lease is Sunbeam Properties Inc, and the tenant is Rednoir LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19/ft
- Lease Term: 5 years
- Lease Type: Modified Gross Lease
- Landlord: Sunbeam Properties Inc
- Tenant: Rednoir LLC
- Tenant's Representative: Alicia Procter - LG Realty Group Inc
Alicia Procter of LG Realty Group Inc. represented Rednoir LLC in the negotiations for this lease, securing favorable terms in a competitive industrial market. Rednoir is noted for its innovative event production and interior design capabilities, enhancing its presence throughout South Florida.
Players
Hollywood 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
31.44%
Cash-on-Cash
-8.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93