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5801 E 10th Ave, Hialeah, F...

Iberia Foods Leases 77966 SF Warehouse In Hialeah, FL With Tenant's Rep Michael Waite
LEASEDWarehouse

Iberia Foods Leases 77966 SF Warehouse In Hialeah, FL With Tenant's Rep Michael Waite

5801 E 10th Ave, Hialeah, FL, 33013

Building Size

77,966 SF

Asset Type

Warehouse

Closing

Apr 6, 2021

AI

The property at 5801 E 10th Ave, Hialeah, FL, 33013, is a warehouse with a total square footage of 77966. The lease for this property was finalized on 04/06/2021 in Hialeah. The tenant, Iberia Foods, was represented by Michael (Mike) Waite from The Easton Group, while the landlord's representative was Walter Byrd from Transwestern.

Summary of transation details:

  • Property Type: Warehouse
  • Transaction Amount: Not provided
  • Market: Hialeah
  • Tenant: Iberia Foods
  • Tenant's Rep: Michael (Mike) Waite(The Easton Group)
  • Landlord's Rep: Walter Byrd(Transwestern)
  • Brokers: Michael (Mike) Waite(The Easton Group)
  • ADDRESS: 5801 E 10th Ave, Hialeah, FL, 33013
  • SQUARE FEET: 77966

The main negotiators in this lease deal were Michael (Mike) Waite from The Easton Group, who represented the tenant Iberia Foods, and Walter Byrd from Transwestern, representing the landlord. Both parties worked together to finalize the lease agreement for the warehouse in Hialeah.

Players

Michael Waite

The Easton Group

Broker

$5.3M

vol

6 deals

Broker
IF
Iberia FoodsTenant

Hialeah 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