Woundtech Leases 21700 Square Feet At 3440 Hollywood Blvd From Black Creek Group
3440 Hollywood BLVD, Hollywood, FL...
Building Size
21,700 SF
Asset Type
Office
Closing
Apr 2, 2018
AI
The property involved in this transaction is located at 3440 Hollywood Blvd, Hollywood, FL. This asset consists of a total of 21,700 square feet at the Venture Corporate Center, specifically moving from Venture Corporate Center I to Venture Corporate Center II. The market for this property is Hollywood.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not Disclosed
- Address: 3440 Hollywood Blvd, Hollywood, FL
- Market: Hollywood
- Square Feet: 21,700
- Tenant: Woundtech
- Landlord: Black Creek Group
- Tenant's Representatives: A.J. Belt (Cushman & Wakefield), Christina Jolley (Blanca Commercial Real Estate), Jeff Holding (Cushman & Wakefield)
- Landlord's Representative: Katherine Ridgway (Cushman & Wakefield)
Woundtech, a health technology company, is renewing and expanding its headquarters at Venture Corporate Center. The buildout for the new location is scheduled for completion by May.
Players
Hollywood 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