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6700 North Andrews Avenue, ...

Xendoo Leases Office Space In Fort Lauderdale's Naya USA Building With Tenant Rep A.J. Belt
LEASEDOffice

Xendoo Leases Office Space In Fort Lauderdale's Naya USA Building With Tenant Rep A.J. Belt

6700 North Andrews Avenue, Fort Lauderdale, FL, USA

Building Size

15,171 SF

Asset Type

Office

Closing

Sep 8, 2021

AI

An office space located at 6700 & 6750 North Andrews Avenue in Fort Lauderdale has been leased. The property, spanning 15,171 square feet, was leased by Xendoo, represented by Lil Roberts. The lease terms are set for three years with an asking rent of $19.50 per square foot.

Summary of Transaction Details:

  • Property Type: Office
  • Address: 6700 & 6750 North Andrews Avenue, Fort Lauderdale
  • Market: Fort Lauderdale
  • Tenant: Xendoo - Lil Roberts
  • Tenant's Representative: A.J. Belt - Cushman & Wakefield
  • Landlord: Naya USA Investment & Management
  • Landlord's Representatives: Jarred Goodstein & Jonathan Kingsley - Colliers
  • Asking Rent: $19.50 per square foot
  • Lease Terms: Three years

The deal was facilitated with the help of A.J. Belt from Cushman & Wakefield, who represented Xendoo. Additionally, Jarred Goodstein and Jonathan Kingsley, both from Colliers, represented the landlord, Naya USA Investment & Management.

Players

Jarred Goodstein

Colliers

Broker

3 deals

Broker
NM
Naya USA Investment & ManagementLandlord

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