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201 E Las Olas BLVD, Fort L...

Zions Bank Leases 3931 Square Feet At 201 E Las Olas Blvd Fort Lauderdale From Stiles
LEASEDOffice

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

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.

Players

Tere Blanca

Blanca Commercial Real Estate

Broker

$96.1M

vol

20 deals

Broker
Zions Bank
Zions BankTenant

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