DHL Global Forwarding Leases 201399 Square Feet From ProLogis In Doral Florida
1801 NW 82nd Ave, Miami, FL, 33126
Building Size
201,399 SF
Asset Type
Office
Closing
Oct 1, 2020
AI
The property involved in the transaction is located at 1801 NW 82nd Ave, Miami, FL, 33126, within the Doral market. It has a total square footage of 201,399 and is part of the ProLogis Miami Commerce Center, where DHL Global Forwarding is the tenant.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1801 NW 82nd Ave, Miami, FL, 33126
- Market: Doral
- Square Feet: 201,399
- Tenant: DHL Global Forwarding
- Landlord: ProLogis
- Tenant's Representative: Devin White (CBRE)
- Landlord's Representative: Thomas Kresse (Transwestern Real Estate Services)
The deal was facilitated by Transwestern Managing Director Thomas Kresse, representing the landlord, ProLogis. CBRE's Devin White represented the tenant, DHL Global Forwarding, in securing the long-term lease renewal, highlighting the strategic location of the property near Miami International Airport cargo facilities and its beneficial features.
Players
Doral Office Market Snapshot
Boundary boundary · Office · 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