Somerset Properties Leases 125,000 Square Foot Office To CHG Healthcare In Fort Lauderdale
6451 North Federal Highway
Building Size
125,000 SF
Asset Type
Office
Closing
Sep 21, 2026
About this deal
AI
The property involved in this lease transaction is an office asset located at 6451 North Federal Highway in Fort Lauderdale, featuring a total square footage of 125,000. The lease type is classified as a Modified Gross Lease.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 6451 North Federal Highway
- Market: Fort Lauderdale
- Landlord: Somerset Properties
- Tenant: CHG Healthcare
- Landlord's Representative: Chase Kulp & Deanna Lobinsky - Cushman & Wakefield
- Tenant's Representative: Paul Anderson - Corporate Real Estate Advisors; Zachary Talbot - Cresa
This lease transaction was facilitated by Chase Kulp and Deanna Lobinsky representing Somerset Properties, while Paul Anderson and Zachary Talbot served as representatives for the tenant, CHG Healthcare.
On the Map
Office
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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