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100 SE 3rd Ave, Fort Lauder...

LEASED

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

Thomas Capocefalo

Savills

Broker

$14.2M

vol

4 deals

Broker
AP
Alliance PartnersLandlord
H
HPLandlord

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