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2200 W Sunrise BLVD, Fort L...

Updated Oct 29, 2024

Floor & Décor Leases 83000 SF Industrial Space In Fort Lauderdale
LEASEDIndustrial

Floor & Décor Leases 83000 SF Industrial Space In Fort Lauderdale

2200 W Sunrise BLVD, Fort Lauderdal...

Building Size

83,000 SF

Asset Type

Industrial

Closing

Oct 14, 2016

About this deal

AI

The asset involved in the transaction is an industrial property located at 2200 W Sunrise Blvd, Fort Lauderdale, spanning approximately 83,000 square feet. This property is part of a larger two-building distribution center known as Bridge Point I-95, which totals 307,000 square feet. The market is identified as Fort Lauderdale.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2200 W Sunrise Blvd, Fort Lauderdale
  • Market: Fort Lauderdale
  • Tenant: Floor & Décor
  • Tenant's Representative: Melody Spano - Strategic Retail Advisors
  • Landlord: Bridge Development Partners
  • Square Feet: 83,000

This transaction marks the first significant pre-lease for Bridge Development Partners at the Bridge Point I-95 facility. The flooring retailer Floor & Décor is set to occupy the premises, with plans to move in early next year.

Players

Melody Spano

Strategic Retail Advisors

Broker

2 deals

Broker
Bridge Development Partners
Bridge Development PartnersLandlord

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · 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

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