Custom Veterinary Services Leases 147768 Square Feet At 4120 W 91st Terrace Hialeah From USAA Real Estate
4120 W 91st Terrace, Hialeah, FL, 330...
Building Size
147,768 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property is a Class A industrial building located at 4120 W 91st Terrace, Hialeah, FL, with a total area of 147,768 square feet. The building is part of Beacon Logistics Park, a master-planned industrial development designed to meet the needs of its tenants. This facility will be occupied entirely by Custom Veterinary Services, which specializes in services for the animal health and veterinary industries.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 4120 W 91st Terrace, Hialeah, FL, 330...
- Market: Hialeah
- Landlord: USAA Real Estate
- Tenant: Custom Veterinary Services
- Landlord's Representative: Jose Juncadella from Fairchild Partners
- Square Feet: 147768
Codina Partners and USAA Real Estate completed the leasing of Building F at Beacon Logistics Park to Custom Veterinary Services. Fairchild Partners' Jose Juncadella and Sebastian Juncadella represented the landlord, while Gus Fonte with AJF Properties represented the tenant. This transaction is part of a larger project that includes additional leases to Unified Logistics Services, Inc. and Cargill, highlighting the growth and demand in the area.
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