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5600 Reese Rd, Davie, FL, 3...

Bridge Industrial Leases 113000 Square Feet To ShipMonk At 5600 Reese Rd Davie
LEASEDLand

Bridge Industrial Leases 113000 Square Feet To ShipMonk At 5600 Reese Rd Davie

5600 Reese Rd, Davie, FL, 33314

Building Size

113,000 SF

Asset Type

Land

Closing

Aug 11, 2021

AI

The property involved in this lease transaction is located at 5600 Reese Rd, Davie, FL, 33314. The asset represents a significant size of 113,000 square feet and is positioned within the Davie market. The landlord for this property is Bridge Industrial.

Summary of transation details:

This lease agreement involves key representatives including Joseph Byrnes from Savills and Keith Graves and John Forman from Berger Commercial Realty, who acted on behalf of the landlord, Bridge Industrial, throughout this transaction. The tenant in this deal is ShipMonk, which will occupy the leased space.

Players

Keith Graves

Berger Commercial Realty

Broker

$44.2M

vol

18 deals

Broker
Bridge Industrial
Bridge IndustrialBrokerage
Bridge Industrial
Bridge IndustrialLandlord

Davie Land Market Snapshot

Boundary boundary · Land · 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