Turbine Engine Services Company Leases 83,000 Square Feet In Hialeah Industrial Property
4151 West 108th Street & 4241 West 108th Street
Building Size
233,000 SF
Asset Type
Industrial
Closing
Jul 1, 2026
AI
4151 West 108th Street & 4241 West 108th Street in Hialeah, FL is an industrial property totaling 233,000 square feet. This site is part of Countyline Corporate Park Phase III and consists of two buildings, which together make up approximately 422,000 square feet. The landlord for this property is Blake Baird of Terreno Realty Corporation.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Blake Baird - Terreno Realty Corporation
- Leased by: A turbine engine services company for 83,000 square feet and a global wholesale packaging company for a renewal of 43,000 square feet with an expansion of 106,000 square feet
- Total Square Feet Leased: 233,000
- Commitment Duration: Long-term commitments extending to 2035
The turbine engine services company secured 83,000 square feet in Building 26, while the global wholesale packaging company renewed its lease for 43,000 square feet and expanded into an additional 106,000 square feet in Building 28. The transactions ensure full leasing of both buildings in the corporate park.
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