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
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