Reveneer Leases Office Space In Fort Lauderdale From Ivy Realty Services
101 NE 3rd Ave, Fort Lauderdale, FL...
Building Size
18,392 SF
Asset Type
Office
Closing
May 25, 2022
AI
The office property located at 101 NE 3rd Ave in Fort Lauderdale, FL has been leased. The asset spans 18,392 square feet and is situated in the Fort Lauderdale market.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Reveneer
- Tenant's Representative: Max Pawk (CBRE)
- Landlord: Ivy Realty Services
- Address: 101 NE 3rd Ave, Fort Lauderdale, FL
The tenant's representative in this leasing transaction is Max Pawk from CBRE. Reveneer, the tenant, signed the lease agreement with Ivy Realty Services, the landlord, for the office space.
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