Gunster Renews 22,000 SF Office Lease At 450 East Las Olas Boulevard
450 East Las Olas Boulevard
Building Size
22,000 SF
Asset Type
Office
Closing
Mar 1, 2024
AI
The property involved in the lease transaction is located at 450 East Las Olas Boulevard in Fort Lauderdale. This office asset spans 22,000 square feet and serves as the location for the office lease renewal between the landlord, DWS, and the tenant, Jonathan Osborne of Gunster.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenants: Jonathan Osborne - Gunster
- Landlord: DWS
- Landlord's Rep: Andy Ackerman & Tim Talbot - ComReal
- Tenant's Rep: Carlyle Coffin & Greg Katz - Stream Realty Partners
Andy Ackerman and Tim Talbot of ComReal represented DWS, the landlord, in the lease renewal agreement. Meanwhile, Gregory Katz and Carlyle Coffin from Stream Realty Partners served as the tenant's representatives, overseeing the successful renewal of Gunster's 22,000-square-foot office space at Las Olas Centre. The commitment displayed by both parties emphasizes this location as Gunster's longstanding center, highlighting Stream Realty Partners' dedication to delivering exceptional service to law firms on a national scale.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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