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100 SE 3rd Ave, Fort Lauder...

Updated Dec 5, 2024

Broad And Cassel LLP Renews 15,276-Square-Foot Office Lease In Fort Lauderdale
LEASEDOffice

Broad And Cassel LLP Renews 15,276-Square-Foot Office Lease In Fort Lauderdale

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

Building Size

15,276 SF

Asset Type

Office

Closing

Dec 18, 2017

About this deal

AI

The property involved in the transaction is the 263,250-square-foot One Financial Plaza located at 100 Southeast Third Avenue in Fort Lauderdale, FL. The office tower, owned by Crocker Partners and Walton Street Capital, was recently renovated. Convey Health Solutions signed a lease for 33,360 square feet, occupying three floors within the 28-story building. Other recent deals at the plaza include renewals by Broad & Cassel, RJ Reynolds, Insperity HR Solutions, and AXA Equitable Insurance.

Summary of transation details:

Among the key individuals and companies involved in the deal, Tower Commercial Real Estate's Laurel Oswald, Jon Blunk, Cristina Glaria, and Van Watson represented the owners of One Financial Plaza, Crocker Partners, and Walton Street Capital. JLL's Ryan Nunes acted as the representative for Convey Health Solutions in the lease agreement, facilitating the tripling of the company's current space. Additionally, Richard Linevsky of NAI Miami represented Broad & Cassel in their lease renewal at the office tower.

Players

Richard Linevsky

NAI Global

Broker

1 deal

Broker
Walton Street Capital
Walton Street CapitalLender
Walton Street Capital
Walton Street CapitalLandlord

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

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