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
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