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14350 NW 56th Ct, Hialeah, ...

CPF Investment Group Leases Industrial Property In Opa Locka To Tenant Represented By Matthew Bittel
LEASEDIndustrial

CPF Investment Group Leases Industrial Property In Opa Locka To Tenant Represented By Matthew Bittel

14350 NW 56th Ct, Hialeah, FL, 33014

Building Size

42,000 SF

Asset Type

Industrial

Closing

Jan 17, 2018

AI

The property involved in the transaction is located at 14350 NW 56th Ct, Hialeah, FL, within the Opa Locka market. It is an industrial asset with a total area of 42,000 square feet. The building is part of the AVE Aviation & Commerce Center, a mixed-use business park that upon full completion will comprise approximately 2.6 million square feet in total across various categories.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 14350 NW 56th Ct, Hialeah, FL, 33014
  • Tenant: KSI Trading Corp.
  • Landlord: CPF Investment Group
  • Tenant's Representative: Matthew Bittel-Cushman & Wakefield
  • Square Feet: 42,000

This transaction will bring Building “J” of the AVE Aviation & Commerce Center to full occupancy. Matthew Bittel of Cushman & Wakefield represented KSI Trading Corp. during the lease negotiations. The business park is notable for housing over 25 companies and 1,700 employees, showcasing a diverse range of tenants in its developing submarket.

Players

Matthew Bittel

Cushman & Wakefield

Broker

$26.9M

vol

3 deals

Broker

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