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Updated Dec 4, 2024

Feil Organization Leases Industrial Space In Elmwood, LA To Mayesh Wholesale Florist And 1-800 Radiator
LEASEDIndustrial

Feil Organization Leases Industrial Space In Elmwood, LA To Mayesh Wholesale Florist And 1-800 Radiator

Building Size

20,700 SF

Asset Type

Industrial

Closing

Jun 4, 2024

About this deal

AI

The industrial property located at 5600 Jefferson Highway in Harahan, LA, consists of two leases totaling 20,700 square feet. The tenants, Mayesh Wholesale Florist and 1-800 Radiator, will occupy 9,500 and 11,200 square feet, respectively. The property is part of the Elmwood Distribution Center and is managed by Katina Spera of the Feil Organization.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Landlord: Katina Spera - Feil Organization
  • Tenant: Mayesh Wholesale Florist & 1-800 Radiator
  • Brokers: Bert Duvic & Gerard Henry - Max Derbes

The industrial leases for 20,700 square feet at the Elmwood Distribution Center in Elmwood, LA, were facilitated by brokers Bert Duvic and Gerard Henry from Max Derbes. The tenants, Mayesh Wholesale Florist and 1-800 Radiator, are set to bring their operations to this industrial space, each occupying a distinct portion of the property.

Players

Bert Duvic

Max Derbes

Broker

1 deal

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · 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

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