Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $18/ft
- Asset Size: 63,860 SF
- Market: South Florida
- Landlord's Representatives: Tom O'Loughlin, Larry Genet & Larry Dinner - CBRE
- Tenant's Representative: Tom Viscount - Avison Young
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
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