Hamid Moghadam Of Prologis Leases 235850 SF Warehouse To Jeff Bezos And Andy Jassy Of Amazon
12805 Northwest 42nd Avenue
Building Size
235,850 SF
Asset Type
Industrial
Closing
Jul 15, 2025
AI
An industrial property located at 12805 Northwest 42nd Avenue in Opa-Locka has been leased. The asset spans 235,850 square feet and is part of Miami-Dade's largest industrial deal in Q2 2025. The lease was signed amid rising vacancy rates and a slowdown in new warehouse construction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 12805 Northwest 42nd Avenue
- Market: Opa Locka
- Landlord: Hamid Moghadam - Prologis
- Tenant: Jeff Bezos & Andy Jassy - Amazon
Hamid Moghadam represents Prologis in the leasing agreement, while Jeff Bezos and Andy Jassy represent Amazon. This facility will be utilized for Amazon's South Florida delivery network focused on extra-large packages.
Opa Locka 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