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14350 NW 56th Ct, Hialeah, ...

Matt Maciag Of JLL Represents Tenant In Industrial Lease In Opa Locka
LEASEDIndustrial

Matt Maciag Of JLL Represents Tenant In Industrial Lease In Opa Locka

14350 NW 56th Ct, Hialeah, FL, 33014

Building Size

12,000 SF

Asset Type

Industrial

Closing

Mar 13, 2018

AI

The AVE Aviation & Commerce Center at Opa-locka Executive Airport in Opa Locka, FL is a 2.6-million-square-foot mixed-use business park located at 14350 NW 56th Ct. The center offers retail, office warehouse, and jet hangar space, with current tenants including KSI Trading Corp., Turbopower, Banyan Air Services, and the U.S. Postal Service.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Available
  • Tenant: Valassis
  • Tenant's Rep: Matt Maciag (JLL)
  • Landlord: FCA
  • Square Feet: 12000

Michigan-based Valassis, a media delivery service company, has recently signed a 12,000-square-foot lease at the AVE Aviation & Commerce Center. The Ware Group/Johnstone Supply, a HVAC/R supplies wholesaler, has also secured an 18,000-square-foot lease at the park. The Ware Group/Johnstone Supply was represented by JLL's Sky Groden in the transaction.

Players

Matt Maciag

JLL

Broker

$38.9M

vol

4 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