Updated Oct 29, 2024
Johnstone Supply Leases 18,000 SF Industrial Space In Opa Locka
14350 NW 56th Ct, Hialeah, FL, 33014
Building Size
18,000 SF
Asset Type
Industrial
Closing
Mar 12, 2018
About this deal
AI
The property at 14350 NW 56th Ct, Hialeah, FL, 33014 in Opa Locka is an industrial asset spanning 18,000 square feet. The landlord, FCA, secured a lease with the Ware Group/Johnstone Supply, a HVAC/R supplies wholesaler, for this space in this mixed-use business park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Tenant's Rep: Sky Groden (JLL)
- Landlord: FCA
- Square Feet: 18000
JLL's Sky Groden represented The Ware Group/Johnstone Supply in the lease agreement, while Matt Maciag acted as the representative for Valassis. Several other businesses, such as KSI Trading Corp., Turbopower, Banyan Air Services, and the U.S. Postal Service, are also tenants in this business park alongside the recent lessees, contributing to a diverse tenant mix.
On the Map
Industrial
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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