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1 East Broward Boulevard

CORE Construction Services Of Florida Leases Office Space At 1 East Broward Boulevard For $24/SF
LEASEDOffice

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:

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

Steven Evans

Platinum Commercial

Broker

$36.1M

vol

47 deals

Broker

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

660958.33%

Cash-on-Cash

-188903.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93