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
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
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