Walmart Signs 16-Year Lease For 130,150 Square-Foot Warehouse In Medley From Seagis Property Group
10900 Northwest 138th Street
Building Size
130,150 SF
Asset Type
Warehouse
Closing
Aug 27, 2026
About this deal
AI
The property asset involved in this transaction is a warehouse located at 10900 Northwest 138th Street in Medley, FL. The warehouse spans 130,150 square feet and is situated on 13.2 acres. The facility features 46 dock-high doors and two drive-in doors, positioned strategically near Florida’s Turnpike.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not specified
- Landlord: John Begier
- Landlord Agency: Seagis Property Group
- Tenant: John Furner
- Lease Terms: 16-year lease with three five-year extension options
This lease agreement sees Walmart securing an industrial space under a long-term commitment with Seagis Property Group. The transaction outlines a clear relationship between the landlord and tenant, highlighting the logistics capabilities of the new facility designed to cater to Walmart’s operational needs.
Players
Bartow 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