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3245 Meridian Pkwy, Fort La...

Updated Dec 4, 2024

USL Cargo Services Leases 232000 Square Feet At 3245 Meridian Pkwy Fort Lauderdale
LEASED

USL Cargo Services Leases 232000 Square Feet At 3245 Meridian Pkwy Fort Lauderdale

3245 Meridian Pkwy, Fort Lauderdale...

Building Size

232,000 SF

Asset Type

Closing

Nov 20, 2023

About this deal

AI

The property involved in this transaction is located at 3245 Meridian Pkwy, Fort Lauderdale, within the Weston market. The asset covers a total area of 232,000 square feet and is leased to USL Cargo Services. The landlord for this property is Clarion Partners.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 3245 Meridian Pkwy, Fort Lauderdale
  • Market: Weston
  • Tenant: USL Cargo Services
  • Landlord: Clarion Partners
  • Tenant's Representative: Luiz Marquez, Casal Group
  • Square Feet: 232,000

This transaction involved key individuals and companies, with Luiz Marquez from the Casal Group representing USL Cargo Services in the lease agreement with Clarion Partners as the landlord. Each party played a significant role in the completion of this transaction.

Players

Luis Marquez

Casal Group

Broker

$1.9M

vol

2 deals

Broker
Clarion Partners
Clarion PartnersLender
Clarion Partners
Clarion PartnersLandlord

Weston 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

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