Kelly Ramsden Of Office Edge Leases 26800 Square Feet At Broward Financial Centre In Fort Lauderdale
500 East Broward Boulevard
Building Size
26,800 SF
Asset Type
Office
Closing
Feb 11, 2025
AI
The property asset involved in this transaction is an office space located at 500 East Broward Boulevard in Fort Lauderdale. The asset comprises 26,800 square feet and is part of the Broward Financial Centre, accommodating the growing needs of the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 500 East Broward Boulevard
- Market: Fort Lauderdale
- Landlord: FTL 500 Corp.
- Tenant: Kelly Ramsden - Office Edge
- Brokers: Clay Sidner & Jeremy Hakala - Newmark
This expansion will allow Office Edge to significantly increase its presence by moving from its previous space of 5,500 square feet. The new office, which is scheduled to open in May, will include executive suites, private offices, coworking space, and staffed support services with flexible lease terms.
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