Horizon Equities Leases 40,858 SF Industrial Space To Design Space In Hialeah For $11/ft
3925 East 10th Court
$10
$10/SF
Building Size
40,858 SF
Asset Type
Industrial
Closing
May 31, 2026
AI
3925 East 10th Court is an industrial property located in Hialeah, consisting of 40,858 square feet. The property has been leased at a rate of $11 per square foot under a 5-year NNN lease agreement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11/ft
- Lease Term: 5 Years
- Landlord: Horizon Equities
- Tenant: Design Space
- Landlord's Representative: Jose Montero - The Hype Real Estate Group
The deal was facilitated by Jose Montero of The Hype Real Estate Group, who emphasized the successful leasing of this infill industrial space despite challenges in the leasing environment and significant vacancy rates in the market. The leasing team focuses on sourcing, marketing, and transacting industrial opportunities throughout South Florida.
Players
Hialeah Industrial Market Snapshot
Boundary boundary Ā· Industrial Ā· Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1586300.00%
Cash-on-Cash
-453369.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93