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
About this deal
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.
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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