3200 SW 30th Ave
3200 SW 30th Ave, Fort Lauderdale, F...
Building Size
27,379 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
Cambria signed a lease for an industrial space encompassing 27,379 square feet located at 3200 SW 30th Ave, Fort Lauderdale. The I-595 Business Center, completed in 2018, is a total of 123,694 square feet and includes features such as dock-high loading, 32-foot clear heights, an ESFR fire safety system, and LED lighting. With this lease, the property is now fully occupied.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3200 SW 30th Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale
- Landlord: MSG I-595 LLC
- Tenant: Cambria
- Landlord's Representative: Christopher Thomson-Cushman & Wakefield
- Brokers: Christopher "Chris" Metzger-Cushman & Wakefield, Richard F. Etner Jr., Christopher Thomson, Matthew G. McAllister
- Tenant's Representatives: Wayne Schuchts, Bobby Benton of Avison Young
The lease agreement was facilitated by Chris Metzger, Richard F. Etner Jr., Christopher Thomson, and Matthew G. McAllister from Cushman & Wakefield, representing the landlord MSG I-595 LLC. The negotiation process for the tenant, Cambria, was managed by Wayne Schuchts and Bobby Benton from Avison Young.
On the Map
Players
Fort Lauderdale CRE Market Snapshot
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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