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5610 Northwest 12th Avenue

Industrial Lease Signed At 5610 Northwest 12th Avenue Fort Lauderdale With Sky Groden As Tenant's Rep
LEASEDIndustrial

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.

Players

Larry Genet

CBRE

Broker

$447.5M

vol

59 deals

Broker
CBRE
CBREBrokerage
JLL
JLLBrokerage

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