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8356 W Commercial BLVD, Lau...

YouFit Health Clubs Leases 20000 Square Feet At 8356 W Commercial Blvd Lauderhill From Parabens Group LLC
LEASED

YouFit Health Clubs Leases 20000 Square Feet At 8356 W Commercial Blvd Lauderhill From Parabens Group LLC

8356 W Commercial BLVD, Lauderhill...

Building Size

20,000 SF

Asset Type

Closing

Nov 19, 2023

AI

This lease transaction involves a property located at 8356 W Commercial Blvd, Lauderhill, within the Fort Lauderdale market. The leased space encompasses 20,000 square feet and is associated with the tenant YouFit Health Clubs. The landlord for this transaction is Parabens Group LLC.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 8356 W Commercial Blvd, Lauderhill
  • Market: Fort Lauderdale
  • Square Feet: 20000
  • Tenant: YouFit Health Clubs
  • Landlord: Parabens Group LLC
  • Tenant's Representatives: Daniel Solomon-Matthews Real Estate Investment Services, Jonathan Cashion-Katz & Associates

The deal features participation from Daniel Solomon and Jonathan Cashion, who represent the tenant in this transaction, enhancing the collaboration between YouFit Health Clubs and Parabens Group LLC. Their involvement is crucial in facilitating the terms of the lease agreement.

Players

Jonathan Cashion

Katz & Associates Real Estate Advisors

Broker

$25.2M

vol

4 deals

Broker
Matthews
Matthews Brokerage

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