Alliance Partners HP Leases Office Space To Xplore Group In Fort Lauderdale
100 SE 3rd Ave, Fort Lauderdale, FL...
Building Size
1,065 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
The lease agreement involved an Office property located at 100 SE 3rd Ave in Fort Lauderdale, FL. The asset comprises 1065 square feet within One Financial Plaza, a Class A office tower situated in the Central Business District of Downtown Fort Lauderdale.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not applicable
- Tenant: Xplore Group
- Tenant's Rep: Walter Robinson (Robinson Commercial Real Estate)
- Landlord: Alliance Partners HP
- Square Feet: 1065
- Market: Fort Lauderdale
TCRE played a significant role in facilitating the lease transactions, with Laurel Oswald, Jon Blunk, and Cristina Glaria exclusively representing the landlord, Alliance HP. The building at One Financial Plaza, professionally managed by CP Group, now boasts over 92 percent occupancy, driven by six new-to-market tenants, two market relocations, and lease renewals and expansions totaling 52,000 square feet.
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