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14350 NW 56th Ct, Hialeah, ...

Johnstone Supply Leases 18,000 SF Industrial Space In Opa Locka
LEASEDIndustrial

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

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.

Players

Sky Groden

JLL

Broker

$207.6M

vol

13 deals

Broker
FCA
FCALandlord

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