Cushman & Wakefield Represents Tenant In Lease At 350 E Las Olas Blvd Fort Lauderdale
350 E Las Olas BLVD, Fort Lauderdale...
Building Size
7,759 SF
Asset Type
Office
Closing
Jun 12, 2017
AI
The property involved in this transaction is located at 350 E Las Olas Blvd in Fort Lauderdale, Florida. It is situated in the Fort Lauderdale market and consists of a total area of 7,759 square feet within the Las Olas Centre II office tower, which has a total size of 259,097 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 350 E Las Olas Blvd
- Market: Fort Lauderdale
- Square Feet: 7,759
- Tenant: Roetzel & Andress
- Tenant's Representatives: A.J. Belt, Jeff Holding (Cushman & Wakefield)
- Landlord: Adams and Reese
- New Employment: 15 new attorneys
- Offices: 19 offices throughout the Southeast
A.J. Belt and Jeff Holding from Cushman & Wakefield represented Roetzel & Andress in this sublease agreement. Adams and Reese will occupy the entire 11th floor of the office tower, marking its first location in South Florida as part of their expansion efforts.
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