Zions Bank Leases 3931 Square Feet At 201 E Las Olas Blvd Fort Lauderdale From Stiles
201 E Las Olas BLVD, Fort Lauderdale...
Building Size
3,931 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property asset involved is located at 201 E Las Olas BLVD, Fort Lauderdale. It encompasses a total of 3,931 square feet within the Fort Lauderdale market. The property is part of The Main Las Olas, a mixed-use development that includes office, residential, and retail space.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not provided
- Address: 201 E Las Olas BLVD, Fort Lauderdale
- Market: Fort Lauderdale
- Landlord: Stiles
- Tenant: Zions Bank
- Landlord's Representative: Christina Jolley - Blanca Commercial Real Estate
- Square Feet: 3,931
The leasing team is led by Danet Linares, executive vice chairman of Blanca Commercial Real Estate, with support from Christina Jolley, senior vice president; Sky Jones, associate vice president; and Tere Blanca, chairman & CEO. The property was developed by Shorenstein Properties LLC and Stiles, with architectural design by Cooper Carry.
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