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1390 Park Of Commerce Boule...

VITAS Healthcare Signs 10-Year Lease At Homestead Commerce Park With Berkowitz Development Group
LEASEDIndustrial

VITAS Healthcare Signs 10-Year Lease At Homestead Commerce Park With Berkowitz Development Group

1390 Park Of Commerce Boulevard

Building Size

16,315 SF

Asset Type

Industrial

Closing

Dec 1, 2025

AI

The property asset involved in this transaction is an industrial space located at 1390 Park Of Commerce Boulevard in Homestead, encompassing 16,315 square feet. This facility is situated in the Homestead market, catering to industrial operations.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Lease Term: 10-year
  • Landlord: Jeff Berkowitz & Michael Berkowitz - Berkowitz Development Group
  • Tenant: VITAS Healthcare
  • Landlord's Representative: Jose Juncadella & Sebastian Juncadella - Fairchild Partners
  • Tenant's Representative: Zachary Talbot - Cresa

VITAS Healthcare signed the lease to expand its administrative and medical equipment operations, with Cresa representing the tenant in this transaction and Fairchild Partners representing the landlord, Berkowitz Development Group.

Players

Jose Juncadella

Fairchild Partners

Broker

$106M

vol

12 deals

Broker

Homestead 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