Industrial Lease Signed At 5610 Northwest 12th Avenue Fort Lauderdale With Sky Groden As Tenant's Rep
5610 Northwest 12th Avenue
$16
$16/SF
Building Size
21,022 SF
Asset Type
Industrial
Closing
Nov 9, 2025
AI
The property involved in this transaction is an industrial asset located at 5610 Northwest 12th Avenue in the Fort Lauderdale market. The lease type is a NNN lease with an asking rent of $17 per square foot for a total area of 21,022 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17/ft
- Square Footage: 21,022
- Address: 5610 Northwest 12th Avenue
- Market: Fort Lauderdale
- Landlord's Representatives: Larry Genet, Michael Oretsky, and Tom O'Loughlin - CBRE
- Tenant's Representative: Sky Groden - JLL
- Lease Type: NNN Lease
Note from landlord's representatives reflects a positive outlook, stating that the end of 2025 is strong and expressing optimism for 2026. They also welcome other tenants seeking space and extend gratitude to Sky Groden for representing the tenant in this transaction.
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
991437.50%
Cash-on-Cash
-283355.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93