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
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
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