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100 SE 3rd Ave, Fort Lauder...

Alliance Partners HP Leases Office Space In Fort Lauderdale To Cohen Blostein & Ayala PA
LEASEDOffice

Alliance Partners HP Leases Office Space In Fort Lauderdale To Cohen Blostein & Ayala PA

100 SE 3rd Ave, Fort Lauderdale, FL...

Building Size

5,414 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property asset involved in the transaction is an office space located at 100 SE 3rd Ave, Fort Lauderdale, FL, within the Fort Lauderdale market. The total square footage of the lease is 5,414 square feet. The office is part of One Financial Plaza, a Class A office tower that has undergone a multi-million-dollar renovation, enhancing its amenities and overall appeal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant: Cohen Blostein & Ayala PA
  • Landlord: Alliance Partners HP
  • Tenant's Representative: Mark Goldstein-Jasper Realty Advisors
  • Square Feet: 5,414

Key individuals and companies involved in the deal include Mark Goldstein of Jasper Realty Advisors, representing the tenant, and Alliance Partners HP, the landlord. Laurel Oswald, Jon Blunk, and Cristina Glaria of TCRE represent the landlord exclusively. The building has achieved over 92 percent occupancy following multiple lease transactions in 2022.

Players

Mark Goldstein

Jasper Realty Advisors

Broker

1 deal

Broker
AP
Alliance PartnersLandlord
H
HPLandlord

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