Updated Oct 29, 2024
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
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