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2105 NW 102nd Ave, Miami, F...

Digiacomo Group Brokers 28,000 SF Warehouse Lease Deal In Doral
LEASEDWarehouse

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

Roger Zuniga

Broker

$47.4M

vol

4 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

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