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201 E Las Olas BLVD, Fort L...

JPMorgan Chase Leases 15054 Square Feet At 201 E Las Olas Blvd Fort Lauderdale Represented By Chase Deuschle Of CBRE
LEASEDOffice

JPMorgan Chase Leases 15054 Square Feet At 201 E Las Olas Blvd Fort Lauderdale Represented By Chase Deuschle Of CBRE

201 E Las Olas BLVD, Fort Lauderdale...

Building Size

15,054 SF

Asset Type

Office

Closing

Apr 27, 2022

AI

The property involved in this transaction is located at 201 E Las Olas Blvd, Fort Lauderdale. It encompasses a total of 15,054 square feet and is in the Fort Lauderdale market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: JPMorgan Chase
  • Landlord: Stiles Corporation
  • Tenant's Representative: Chase Deuschle - CBRE

This lease transaction signifies a partnership between JPMorgan Chase as the tenant and Stiles Corporation serving as the landlord. The representation for the tenant in this deal has been handled by Chase Deuschle from CBRE.

Players

Chase Deuschle

Newmark

Broker

$11.8M

vol

2 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender
J.P. Morgan Chase
J.P. Morgan ChaseTenant

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