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TrueCoverage Subleases Office Space From Sun Sentinel In Deerfield Beach

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LEASED

Florida

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Office24,600 SF
Leased 08/28/2023
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LEASED

TrueCoverage Subleases Office Space From Sun Sentinel In Deerfield Beach

333 Southwest 12th Avenue Deerfield Beach, Florida 33442, USA

See Similar Deals
Office24,600 SF
Leased 08/28/2023
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:24,600 SF
Transaction Type:Lease

Insurance marketplace TrueCoverage has subleased 24,600 sq ft of office space at 333 SW 12th Ave in Deerfield Beach, Florida. The property, owned by Blackstone's Link Logistics, is a 380,000-sq-ft site that houses a printing plant and distribution center. The sublease was made possible by the South Florida Sun Sentinel, which occupies the property as its main tenant.

Summary of transaction details:

The sublease agreement between TrueCoverage and the South Florida Sun Sentinel represents a significant transaction in the Deerfield Beach office market. Keith Graves and Lawrence Oxenberg, representatives of Berger Commercial Realty/Corfac International, facilitated the deal on behalf of TrueCoverage. This arrangement allows TrueCoverage to establish a presence in Deerfield Beach and expands its operations within Florida's insurance industry.

Players

Keith Graves
18 deals$44.2M volume
BROKER

Lawrence Oxenberg
Berger Commercial Realty
9 deals$67.8M volume(954) 652-2017
BROKER

Details

LEASED
IMAGE: Keith Graves & Lawrence Oxenberg DATE: 08/28/2023 ADDRESS: 333 Southwest 12th Avenue MARKET: Deerfield Beach ASSET TYPE: Office ~ SF: 24,600 LANDLORD: Sun Sentinel TENANT: TrueCoverage BROKERS: Keith Graves & Lawrence Oxenberg - Berger Commercial Realty/Corfac International NOTE: Insurance marketplace TrueCoverage has subleased 24,600 sq ft of office space at 333 SW 12th Ave in Deerfield Beach from the South Florida Sun Sentinel, which occupies the 380,000-sq-ft property. The site, owned by Blackstone's Link Logistics, encompasses a printing plant and distribution center.

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Deal Type
Effective Rent (Annual)

$1,410,057.16

Total Lease Value

$14,100,571.55

Net Landlord Cash Flow$1,410,057.16