Bowman Consulting Group, Ltd Leases Office Space At 900 Southeast 3rd Avenue, Fort Lauderdale
900 Southeast 3rd Avenue
Building Size
10,488 SF
Asset Type
Office
Closing
Mar 28, 2024
AI
The office lease transaction at 900 Southeast 3rd Avenue in Fort Lauderdale involves a 10,488-square-foot space. The landlord, 900 SE 3rd Ave., L.P., has leased the property to Bowman Consulting Group, Ltd.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 900 Southeast 3rd Avenue
- Market: Fort Lauderdale
- Tenant: Bowman Consulting Group, Ltd
- Landlord: 900 SE 3rd Ave., L.P.
- Landlord's Rep: Keith Graves & Lawrence Oxenberg - Berger Commercial Realty
- Tenant's Rep: Brady Titcomb - JLL
Berger Commercial Realty/Corfac International facilitated the deal, ensuring that Bowman Consulting Group, Ltd will relocate to this new office space. Brady Titcomb from JLL represented the tenant in this transaction.
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