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5559 Northwest 145th Street

Chef's Warehouse Of Florida Leases Industrial Space To AFULA Enterprises In Opa Locka For $10/ft
LEASEDIndustrial

Chef's Warehouse Of Florida Leases Industrial Space To AFULA Enterprises In Opa Locka For $10/ft

5559 Northwest 145th Street

$10

$10/SF

Building Size

49,885 SF

Asset Type

Industrial

Closing

Jan 10, 2025

AI

The asset involved in this transaction is an industrial property located at 5559 Northwest 145th Street in Opa Locka, with a total square footage of 49,885. The asking rent for this property is set at $10 per square foot. The lease term is established for 5 years under a NNN sublease agreement.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10/ft
  • Lease Term: 5 years
  • Lease Type: NNN Sublease
  • Landlord: Chef's Warehouse of Florida
  • Tenant: AFULA Enterprises
  • Landlord's Representative: David Oxios - NAI Global
  • Tenant's Representatives: Joel A. Kattan & Anthony Peragine - SVN

This transaction features David Oxios representing the landlord, Chef's Warehouse of Florida, while tenant representatives Joel A. Kattan and Anthony Peragine of SVN advocate for AFULA Enterprises. Their roles ensure the effective negotiation and management of the lease agreement between the involved parties.

Players

Joel A. Kattan

SVN

Broker

$171.8M

vol

15 deals

Broker

Opa Locka 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

1586300.00%

Cash-on-Cash

-453369.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93