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Tom O'Loughlin, Larry Genet...

Tom O'Loughlin, Larry Genet & Larry Dinner Of CBRE Lease 63,860 SF Industrial Space In South Florida
LEASEDIndustrial

Tom O'Loughlin, Larry Genet & Larry Dinner Of CBRE Lease 63,860 SF Industrial Space In South Florida

$18

$18/SF

Building Size

63,860 SF

Asset Type

Industrial

Closing

Jul 1, 2024

AI

The transaction involves an industrial asset located in the South Florida market, with an asking rent set at $18 per square foot and a total area of 63,860 square feet.

Summary of transaction details:

The deal was facilitated by Tom O'Loughlin, Larry Genet, and Larry Dinner from CBRE representing the landlord, while Tom Viscount of Avison Young represented the tenant in the lease agreement.

Players

Larry Genet

CBRE

Broker

$447.5M

vol

59 deals

Broker

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

881277.78%

Cash-on-Cash

-251871.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93