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4120 W 91st Terrace, Hialea...

Custom Veterinary Services Leases 147768 Square Feet At 4120 W 91st Terrace Hialeah From USAA Real Estate
LEASEDIndustrial

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

Jose Juncadella

Fairchild Partners

Broker

$106M

vol

12 deals

Broker
USAA Real Estate
USAA Real EstateLender
USAA Real Estate
USAA Real EstateLandlord

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