Updated Dec 2, 2025
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
About this deal
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.
On the Map
Industrial
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Players
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