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500 East Broward Boulevard

Kelly Ramsden Of Office Edge Leases 26800 Square Feet At Broward Financial Centre In Fort Lauderdale
LEASEDOffice

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

Jeremy Hakala

Newmark

Broker

$144.5M

vol

17 deals

Broker

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