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Coaster Fine Furniture Renews Lease For 250K& SF Distribution Center At Miramar Park Of Commerce

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LEASED

Florida

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Industrial250,441 SF
Leased 02/06/2024
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LEASED

Coaster Fine Furniture Renews Lease For 250K& SF Distribution Center At Miramar Park Of Commerce

10700 Enterprise Way

See Similar Deals
Industrial250,441 SF
Leased 02/06/2024
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:250,441 SF
Transaction Type:Lease

Coaster Fine Furniture has renewed its lease for a 250,441-square-foot showroom and distribution center at Miramar Park of Commerce in South Florida. The property is located at 10700 Enterprise Way in the market of Miramar. The strategic location and support for Coaster's expansion were influential factors in the decision to renew the lease. Coaster Fine Furniture has been a tenant at Miramar Park of Commerce since relocating from Pompano Beach in 2001.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Square Footage: 250,441 SF
  • Address: 10700 Enterprise Way, Miramar
  • Market: Miramar

The lease renewal was facilitated by Sunbeam Properties & Development, who acted as the landlord in the transaction. The brokers involved in the deal were Peter Apol and Ryan Goggins from Sunbeam Properties. Their expertise and assistance helped in finalizing the lease agreement between Coaster Fine Furniture and Sunbeam Properties & Development.

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Details

LEASED
IMAGE: Ryan Goggins DATE: 02/06/2024 ADDRESS: 10700 Enterprise Way MARKET: Miramar ASSET TYPE: Industrial ~ SF: 250,441 LANDLORD: Sunbeam Properties & Development TENANT: Alexa Meyer - Coaster Fine Furniture (@CoasterFineFurniture) BROKERS: Peter Apol & Ryan Goggins - Sunbeam Properties NOTE: Coaster Fine Furniture renewed its lease for a 250,441-square-foot showroom and distribution center at Miramar Park of Commerce in South Florida, where it has been a tenant since relocating from Pompano Beach in 2001. The decision was influenced by the park's strategic location and support for Coaster's expansion, with Sunbeam Properties & Development facilitating the transaction.

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Deal Type
Effective Rent (Annual)

$14,355,126.99

Total Lease Value

$143,551,269.93

Net Landlord Cash Flow$14,355,126.99