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14401 NW 107th Ave, Hialeah...

All Florida Paper Leases 226698 Square Feet At 14401 NW 107th Ave In Hialeah
LEASEDIndustrial

All Florida Paper Leases 226698 Square Feet At 14401 NW 107th Ave In Hialeah

14401 NW 107th Ave, Hialeah, FL, 33...

Building Size

226,698 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

Codina Partners has leased Building D at Beacon Logistics Park, located at 14401 NW 107th Avenue in Hialeah, FL. The facility is part of a Class A Industrial Park, encompassing 226,698 square feet. The property is designed to provide custom spaces to enhance operational efficiency for tenants.

Summary of transaction details:

All Florida Paper, established in 1993, will occupy the entire building. The transaction involved representatives from Cushman & Wakefield and Fairchild Partners, reflecting the collaborative effort in securing the lease for both parties. Construction on the building is scheduled to commence in Q4 2022, with occupancy expected by mid-2023.

Players

Gian Rodriguez

Cushman & Wakefield

Broker

$24.8M

vol

7 deals

Broker
CP
Codina PartnersLandlord

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