Advanced Recovery Systems Leases Office Space At One Financial Plaza In Fort Lauderdale
100 SE 3rd Ave, Fort Lauderdale, FL...
Building Size
7,800 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The lease transaction involves a property located at 100 SE 3rd Ave in Fort Lauderdale, FL. The asset spans 7800 square feet and is part of One Financial Plaza, a Class A office tower in the Central Business District of Downtown Fort Lauderdale.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Tenant: Advanced Recovery Systems
- Tenant's Rep: Thomas (Tom) Capocefalo (Savills)
- Landlord: Alliance Partners HP
- Square Feet: 7800
- Market: Fort Lauderdale
TCRE exclusively represents the landlord, Alliance HP, for the lease. The property is professionally managed by CP Group. The lease activity within One Financial Plaza has brought the building to over 92 percent occupancy, driven by the extensive amenity offerings and the landlord's commitment to providing the best tenant experience. Noteworthy features of the building include a high-end fitness center, conferencing facilities, and the exclusive Tower Club on the top floor with panoramic views.
Players
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