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1901 West Cypress Creek Road

HS Capital Fund Leases Office Property In Fort Lauderdale To Morgan Fidelity Associates And Control Point Associates
LEASEDOffice

HS Capital Fund Leases Office Property In Fort Lauderdale To Morgan Fidelity Associates And Control Point Associates

1901 West Cypress Creek Road

Building Size

16,072 SF

Asset Type

Office

Closing

Nov 10, 2023

AI

The office property located at 1901 West Cypress Creek Road in Fort Lauderdale has been leased. The property spans 16,072 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 1901 West Cypress Creek Road
  • Market: Fort Lauderdale
  • Square Footage: 16,072

HS Capital Fund is the landlord of the leased property. The tenants include Morgan Fidelity Associates, represented by Christian Morgan, and Control Point Associates, represented by Richard A. Butkus, Jr.

The landlord is represented by Gordon Messinger, Joseph Freitas, and Max Pawk from CBRE. The tenant is represented by Daniel Silver and Michael Feuerman from Berger Commercial Realty.

Players

Daniel Silver

Berger Commercial Realty

Broker

$4M

vol

4 deals

Broker
HF
HS Capital FundLandlord

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