KEMET Corp Leases 64000 Square Feet At 1 E Broward Blvd In Fort Lauderdale
1 E Broward BLVD, Fort Lauderdale, F...
Building Size
64,000 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The lease transaction involves a property located at 1 E Broward BLVD, Fort Lauderdale, Florida, encompassing 64,000 square feet in the Fort Lauderdale market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 1 E Broward BLVD, Fort Lauderdale, FL
- Market: Fort Lauderdale
- Tenant: KEMET Corp
- Landlord: Ivy Realty Services LLC
- Tenant's Representative: Jim Hollis - Newmark Knight Frank
- Landlord's Representatives: Katherine Ridgway, Deanna Lobinsky - Cushman & Wakefield
- Square Feet: 64,000
This transaction highlights the involvement of key representatives. Jim Hollis from Newmark Knight Frank acted on behalf of KEMET Corp, while Katherine Ridgway and Deanna Lobinsky represented Ivy Realty Services LLC through Cushman & Wakefield.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · 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