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
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