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1 E Broward BLVD, Fort Laud...

Veritext Leases 1 E Broward Blvd, Fort Lauderdale From Ivy Realty Services LLC
LEASED

Veritext Leases 1 E Broward Blvd, Fort Lauderdale From Ivy Realty Services LLC

1 E Broward BLVD, Fort Lauderdale, F...

Building Size

4,039 SF

Asset Type

Closing

Nov 22, 2023

AI

The property located at 1 E Broward BLVD in Fort Lauderdale, with a total area of 4039 square feet, was involved in a lease transaction. The landlord, Ivy Realty Services LLC, finalized the deal with the tenant, Veritext, represented by Zach Wendelin from JLL.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not Applicable
  • Address: 1 E Broward BLVD, Fort Lauderdale
  • Market: Fort Lauderdale
  • Tenant's Rep: Zach Wendelin (JLL)
  • Tenant: Veritext
  • Landlord: Ivy Realty Services LLC
  • Square Feet: 4039

The lease transaction at 1 E Broward BLVD in Fort Lauderdale was successfully facilitated by Zach Wendelin from JLL, who represented Veritext, the tenant in this agreement. The choice of location and the square footage of the property align with the business needs of Veritext, ensuring a strategic move for the company in the competitive market of Fort Lauderdale.

Players

Zach Wendelin

JLL

Broker

$6.2M

vol

13 deals

Broker
Ivy Realty
Ivy RealtyBrokerage
Ivy Realty
Ivy RealtyLandlord

Fort Lauderdale CRE Market Snapshot

Boundary boundary · CRE · 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