Paul Richmond Of J&E Investments Leases 47000 SF Industrial Property To Premier Bounce N Slide

This industrial asset, spanning 47,000 square feet and located at 1650 Northwest 23rd Avenue in Fort Lauderdale, has been leased for $16 per square foot. The lease is classified as a NNN Lease, indicating that the tenant is responsible for property taxes, insurance, and maintenance in addition to the rent.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16/ft
• Lease Type: NNN Lease
• Landlord: Paul Richmond - J&E Investments
• Tenant: Premier Bounce N Slide Party
• Landlord's Representative: Larry Genet, Tom O'Loughlin & Michael Oretsky - CBRE
• Tenant's Representative: Jordan Beck - Berger Commercial Realty
• Market: Fort Lauderdale

The transaction involves key representatives from the brokers, including Larry Genet, Tom O'Loughlin, and Michael Oretsky from CBRE representing the landlord, while Jordan Beck from Berger Commercial Realty represents the tenant. The brokers highlighted the property as a single-tenant warehouse located on I-95, indicating an interest in future industrial requirements in South Florida.