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1000 South Pine Island Road

Blanca Commercial Real Estate Secures 56,100 SF Office Leases In Plantation For Multiple Tenants
LEASEDOffice

Blanca Commercial Real Estate Secures 56,100 SF Office Leases In Plantation For Multiple Tenants

1000 South Pine Island Road & 900 South Pine Island Road

Building Size

112,200 SF

Asset Type

Office

Closing

Nov 6, 2024

AI

The asset involved in this transaction is an office property located at 1000 South Pine Island Road & 900 South Pine Island Road in Plantation. The total square footage of the property is 56,100, accommodating various office tenants. The landlord for this property is Lincoln Property Company.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1000 South Pine Island Road & 900 South Pine Island Road
  • Market: Plantation
  • Landlord: Lincoln Property Company
  • Tenants: Brookfield Corporation, NCS Pearson, Robert Slack, LLC, Jamestown, The Nassau Paradise Island Promotion Board, WeFi Technology Group, Atlas Renewable Energy USA, LLC & Osaic Wealth, Inc.
  • Brokers: Danet Linares, Nicole Kaiser & Tere Blanca - Blanca Commercial Real Estate

Blanca Commercial Real Estate secured 56,100 SF in leases at Royal Palm Office Park, including renewals with Brookfield Corporation (35,000 SF), NCS Pearson (1,672 SF), Robert Slack, LLC (2,441 SF), and Jamestown (989 SF) at Royal Palm I. Additionally, they facilitated new leases with the Nassau Paradise Island Promotion Board (3,010 SF), WeFi Technology Group (2,554 SF), Atlas Renewable Energy USA (6,686 SF), and Osaic Wealth (3,748 SF) at Royal Palm II, following recent property upgrades that now leave only one floor available.

Players

Danet Linares

Blanca Commercial Real Estate

Broker

5 deals

Broker

Plantation 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