Lease Of 127000 Square Feet At 7000 NW 33rd Terrace In Miami With Tenant's Rep George Pino And Landlord's Reps Frank Trelles And Jason Gonzalez
7000 NW 33rd Terrace, Miami, FL, 331...
Building Size
127,000 SF
Asset Type
Warehouse
Closing
Nov 20, 2023
AI
The property involved in this transaction is situated at 7000 NW 33rd Terrace, Miami, FL, 331, within the Miami market. This lease encompasses a total area of 127,000 square feet. The details regarding the tenant and landlord remain undisclosed.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 7000 NW 33rd Terrace, Miami, FL, 331
- Square Feet: 127,000
- Tenant's Representative: George Pino
- Landlord's Representatives: Frank Trelles - State Street Realty, Jason Gonzalez - State Street Realty
State Street Realty, a Miami-based brokerage and advisory firm, successfully handled the lease transaction. Vice President Frank Trelles, SIOR, and Sales Associate Jason Gonzalez were instrumental in the completion of this lease, demonstrating the firm's active role in commercial real estate transactions throughout South Florida.
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