CORE Construction Services Of Florida Leases Office Space At 1 East Broward Boulevard For $24/SF
1 East Broward Boulevard
$24
$24/SF
Building Size
20,000 SF
Asset Type
Office
Closing
Feb 27, 2025
AI
This transaction involves an office asset located at 1 East Broward Boulevard in Fort Lauderdale. The property is a 19-story, Class A office building with a total area of 20,000 square feet. The market rate for this lease is set at $24 per square foot. The asset is strategically located in the Central Business District, providing access to various local attractions.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1 East Broward Boulevard
- Market: Fort Lauderdale
- Tenant: CORE Construction Services of Florida
- Landlord: ALMS Health
- Tenant's Representative: Alfie Hamilton (Colliers)
- Landlord's Representatives: Brian Peer (Platinum Properties), Steven Evans (Platinum Properties), Jeff Holding (Cushman & Wakefield), Trent Slattery (Cushman & Wakefield)
- Rent/SF: $24
- Square Feet: 20,000
The representatives involved in this transaction highlight a collaboration between various brokerage firms. The tenant, CORE Construction Services of Florida, is represented by Alfie Hamilton from Colliers. Meanwhile, the landlord, ALMS Health, has multiple representatives including Brian Peer and Steven Evans from Platinum Properties, as well as Jeff Holding and Trent Slattery from Cushman & Wakefield.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
660958.33%
Cash-on-Cash
-188903.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93