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100 SE 3rd Ave, Fort Lauder...

Alliance Partners HP Leases Office Space To Xplore Group In Fort Lauderdale
LEASEDOffice

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:

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

Walter Robinson

Robinson Commercial Real Estate

Broker

1 deal

Broker
AP
Alliance PartnersLandlord
H
HPLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93