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3325 Northwest 70th Avenue

Updated Mar 11, 2025

Bilt advertisement
Ameriworld Fulfillment Center Signs 10-Year Lease For 124,000-SF Office Space At 3325 NW 70th Ave, Miami
LEASEDOffice

Ameriworld Fulfillment Center Signs 10-Year Lease For 124,000-SF Office Space At 3325 NW 70th Ave, Miami

3325 Northwest 70th Avenue

Building Size

124,000 SF

Asset Type

Office

Closing

Dec 18, 2023

About this deal

AI

The Ameriworld Fulfillment Center has obtained a 10-year lease for their 124,000-square-foot office facility located at 3325 Northwest 70th Avenue in Miami's Airport West. The lease was brokered by Mike Waite from Easton & Associates, with a total value of $25.17 million. The decision to secure a long-term lease was driven by the frothy industrial market and anticipated rent increases.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $25.17 million
  • Square Footage: 124,000
  • Address: 3325 Northwest 70th Avenue, Miami
  • Tenant: Ameriworld Fulfillment Center
  • Tenant Representative: Julian Rubio
  • Broker: Mike Waite - Easton & Associates - The Easton Group

Mike Waite, the Vice President at Easton & Associates, represented Ameriworld Fulfillment Center in this lease transaction. The decision to secure a long-term lease was driven by the frothy industrial market and anticipated rent increases. By partnering with Easton & Associates, Ameriworld Fulfillment Center successfully negotiated a ten-year lease for their office facility.

Players

Michael Waite

The Easton Group

Broker

$91.3M

vol

7 deals

Broker

Miami Office Market Snapshot

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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

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