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.
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