Terreno Realty Corporation Leases 76,377 SF Industrial Space To Plantain Products Co In Hialeah
11585 W 43rd Ave
Building Size
76,377 SF
Asset Type
Industrial
Closing
Nov 23, 2025
AI
The property asset involved in this transaction is an industrial space located at 11585 West 43rd Avenue in Hialeah. The lease encompasses a total square footage of 76,377 and is structured as a 10-year NNN lease. The landlord for this transaction is Terreno Realty Corporation.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease SF: 76,377
- Lease Term: 10 years
- Lease Type: NNN Lease
- Landlord: Terreno Realty Corporation
- Tenant: Plantain Products Co
- Landlord's Representative: Raydel Enriquez & Carlos Velasquez - VS Real Estate (VSRE)
- Tenant's Representative: Joel A. Kattan & Anthony Peragine - SVN Commercial Realty Miami
Raydel Enriquez and Carlos Velasquez represented the landlord, while Joel A. Kattan and Anthony Peragine represented the tenant, Plantain Products Co, in the lease negotiation. The deal marks a significant expansion for Plantain Products Co, which is known for producing Chifles chips, as they transition to a larger space at Countyline Corporate Park Phase IV, Building 36, reflecting their growth under CEO Tony Rivas's leadership.
Players
Hialeah 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