Updated Oct 29, 2024
Infused Gummy Co Signs 10-Year Lease For Industrial Space In Fort Lauderdale
2800 South Andrews Avenue
$18
$18/SF
Building Size
29,209 SF
Asset Type
Industrial
Closing
Feb 1, 2023
About this deal
AI
The industrial property located at 2800 South Andrews Avenue in Fort Lauderdale has recently been leased. The lease term is set at 10 years, and the tenant is Infused Gummy Co. The landlord in this transaction is Selvin Passen. The property has a total square footage of 29,209, and the asking rent is $18 per square foot.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Lease
- Address: 2800 South Andrews Avenue, Fort Lauderdale
- Tenant: Infused Gummy Co
- Landlord: Selvin Passen
- Tenant's Representative: Jordan Beck - Berger Realty
- Asking Rent: $18 per square foot
- Lease Term: 10 years
Jordan Beck from Berger Realty represented Infused Gummy Co as their tenant's representative in this lease deal.
Market 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
881277.78%
Cash-on-Cash
-251871.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93