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
About this deal
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.
On the Map
Office
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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