IntelePeer Signs 10-Year Lease For Office Space In Dania Beach
1855 Griffin Rd, Dania, FL 33004
Building Size
12,627 SF
Asset Type
Office
Closing
Oct 21, 2021
AI
An office property located at 1855 Griffin Rd in Dania Beach has been leased in a closed transaction. The lease was signed on October 21, 2021, for a 10-year term. The office space spans approximately 12,627 square feet, with an asking rent of $32 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Date: 10/21/2021
- Address: 1855 Griffin Rd
- Market: Dania Beach
- Asking Rent: $32/ft.
- Square Footage: 12,627 sq. ft.
The landlord in this transaction is Cohen Brothers Realty Corporation, and IntelePeer is the tenant. Representing the landlord is John Criddle from Cushman & Wakefield, while Clay Sidner from Newmark serves as the tenant's representative.
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