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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Feet: 226,698
- Tenant: All Florida Paper
- Landlord: Codina Partners
- Tenant's Representative: Gian Rodriguez - Cushman & Wakefield
- Landlord's Representative: Jose Juncadella - Fairchild Partners
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
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