Digiacomo Group Brokers 28,000 SF Warehouse Lease Deal In Doral
2105 NW 102nd Ave, Miami, FL, 33172
Building Size
28,000 SF
Asset Type
Warehouse
Closing
Nov 22, 2023
AI
An industrial warehouse spanning 28,000 square feet located at 2105 NW 102nd Ave in Miami, FL, 33172, situated in the Doral market. The property was leased by AllPlus Computer Systems Corp for a deal valued at $1,825,000.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $1,825,000
- Tenant's Representative: Roger Zuniga, Stephen (Steve) J. DiGiacomo (DiGiacomo Group)
- Landlord: Brookfield Properties
- Square Feet: 28,000
Roger Zuniga and Stephen J. DiGiacomo, SIOR, oversaw the lease agreement on behalf of AllPlus Computer Systems for the relocation to this warehouse. The property had undergone recent renovations by Brookfield Properties. Assistance in facilitating the relocation was provided by Edward Schmidt, CCIM, SIOR, Gabriel Garcia-Menocal, SIOR, and Lucia Custer from NAI Miami.
Players
Doral 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