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
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