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2200 W Sunrise BLVD, Fort L...

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

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