Beacon Logistics Park In Hialeah Fully Leased With Makita Latin America & All Glass Production
14401 Northwest 107th Avenue Hialeah, Florida 33018, USA
Building Size
324,900 SF
Asset Type
Industrial
Closing
Aug 28, 2023
AI
The Beacon Logistics Park in Hialeah, developed by Codina Partners and Affinius Capital, has reached full occupancy with leases secured by Makita Latin America and All Glass Production. Makita Latin America has leased 92,300 square feet, while All Glass Production has leased 232,600 square feet of industrial space. The industrial campus, spanning 1.3 million square feet, is nearing completion, with the final two buildings expected to be finished by early next year.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 14401 Northwest 107th Avenue
- Market: Hialeah
- Size: 324,900 square feet
- Landlord: Codina Partners - Armando Codina & Ana-Marie Codina Barlick; Affinius Capital - Len O’Donnell
- Tenant: Makita Latin America & All Glass Production
- Brokers: Jose Juncadella & Sebastian Juncadella - Fairchild Partners
The leasing deals were facilitated by the brokers Jose Juncadella and Sebastian Juncadella of Fairchild Partners.
Players
Hialeah 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