ProLogis Leases 95000 Square Feet To DSV Air & Sea Inc In Miami With Brian Smith Of JLL
12200 NW 25th St, Miami, FL, 33182
Building Size
95,000 SF
Asset Type
Warehouse
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 12200 NW 25th St, Miami, FL, 33182. It encompasses a total area of 95,000 square feet and is situated in the Miami market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Landlord: ProLogis
- Tenant: DSV Air & Sea Inc
- Landlord's Representative: Brian Smith - JLL
The transaction features the landlord, ProLogis, leasing out the property to DSV Air & Sea Inc, with Brian Smith from JLL representing the landlord throughout the leasing process.
On the Map
Warehouse
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Players
Miami Warehouse Market Snapshot
Boundary boundary · Warehouse · 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