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VITAS Healthcare Signs 10-Year Lease At Homestead Commerce Park With Berkowitz Development Group
LEASED
Florida
See Similar DealsIndustrial16,315 SF
Leased 12/01/2025
LEASED
VITAS Healthcare Signs 10-Year Lease At Homestead Commerce Park With Berkowitz Development Group
1390 Park Of Commerce Boulevard
See Similar DealsIndustrial16,315 SF
Leased 12/01/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:16,315 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$935,165.95
Total Lease Value
$9,351,659.55
Net Landlord Cash Flow$935,165.95
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