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350 E Las Olas BLVD, Fort L...

Cushman & Wakefield Represents Tenant In Lease At 350 E Las Olas Blvd Fort Lauderdale
LEASEDOffice

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

A.J. Belt

Cushman & Wakefield

Broker

$26.2M

vol

5 deals

Broker
AS
Adams Cold StorageLandlord

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