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12805 Northwest 42nd Avenue

Hamid Moghadam Of Prologis Leases 235850 SF Warehouse To Jeff Bezos And Andy Jassy Of Amazon
LEASEDIndustrial

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.

Players

Hamid Moghadam

Prologis

Landlord

$2.6B

vol

51 deals

Landlord
Prologis
PrologisLandlord

Andy Jassy

Amazon

Tenant

$926.2M

vol

18 deals

Tenant
Amazon
AmazonTenant

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