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
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