A1R Water Leases 112000 Square Feet At Countyline Corporate Park With Terreno Realty In Hialeah
4341 West 108th Street
Building Size
112,000 SF
Asset Type
Industrial
Closing
Nov 6, 2025
AI
The property involved in this transaction is located at 4341 West 108th Street in Hialeah, classified as an industrial asset with a total square footage of 112,000. The asset is situated within Countyline Corporate Park Building 30 and is being occupied under a lease agreement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 4341 West 108th Street
- Market: Hialeah
- Asset Size: 112,000 square feet
- Landlord: Blake Baird - Terreno Realty Corporation
- Tenant: Peter Carr - A1R Water
- Lease Term: 10-year
- Brokers: Andrea Montejo, Carlos Velasquez, Raydel Enriquez, Raul Estrada - VS Real Estate (VSRE)
The deal showcases the involvement of representatives from VS Real Estate, including Andrea Montejo, Carlos Velasquez, Raydel Enriquez, and Raul Estrada, who facilitated the lease agreement between the landlord and tenant. A1R Water, specializing in air-to-water technology, is entering this lease following the vacancy created by the bankruptcy of the previous full-building tenant.
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