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1801 NW 82nd Ave, Miami, FL...

DHL Global Forwarding Leases 201399 Square Feet From ProLogis In Doral Florida
LEASEDOffice

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

Devin White

CBRE

Broker

$448.9M

vol

21 deals

Broker
Prologis
PrologisBrokerage
Prologis
PrologisLandlord

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