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2599 SW 32 Ave, Pembroke Pa...

Wheel Pros, LLC Leases 23549 Square Feet At 2599 SW 32 Ave Pembroke Park From FCA
LEASED

Wheel Pros, LLC Leases 23549 Square Feet At 2599 SW 32 Ave Pembroke Park From FCA

2599 SW 32 Ave, Pembroke Park, FL...

Building Size

23,549 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 2599 SW 32 Ave, Pembroke Park, FL. It encompasses a total area of 23,549 square feet and is situated in the Hollywood market. The landlord associated with this property is FCA.

Summary of transaction details:

This transaction involves Wheel Pros, LLC as the tenant, while FCA serves as the landlord. The deal was facilitated by representatives including Brian Cabielles, Frank Trelles of State Street Realty, and George Pino, who played an essential role in the lease negotiation process.

Players

Frank Trelles

Vivo Real Estate Group

Broker

$104.8M

vol

39 deals

Broker
FCA
FCALandlord

Hollywood 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