Updated Dec 4, 2024
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
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