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Beacon Logistics Park, West...

Custom Veterinary Services Leases Industrial Space In Hialeah For $7.95/ft
LEASEDIndustrial

Custom Veterinary Services Leases Industrial Space In Hialeah For $7.95/ft

Beacon Logistics Park, West 91st Terrace, Hialeah, FL, USA

Building Size

147,768 SF

Asset Type

Industrial

Closing

Aug 25, 2021

AI

An industrial property located at 4120 West 91st Place in Hialeah has been leased. The lease transaction took place on 08/25/2021.

Summary of transaction details

  • Property Type: Industrial
  • Asking Rent: $7.95/ft.
  • Square Footage: 147,768
  • Address: 4120 West 91st Place, Hialeah

The tenant, Custom Veterinary Services, was represented by Gus Fonte from AJF Properties. The landlord, Codina Partners and USAA Real Estate, was represented by Jose Juncadella and Sebastian Juncadella from Fairchild Partners.

Players

Augusto Fonte

Broker

1 deal

Broker
USAA Real Estate
USAA Real EstateLender
USAA Real Estate
USAA Real EstateLandlord
CS
Custom Veterinary ServicesTenant

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