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1855 Griffin Rd, Dania, FL ...

IntelePeer Signs 10-Year Lease For Office Space In Dania Beach
LEASEDOffice

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

Clay Sidner

Newmark

Broker

$144.5M

vol

13 deals

Broker

Cohen Brothers

Cohen Brothers Realty

Landlord

15 deals

Landlord

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