CBRE Represents HS Capital Fund In Fort Lauderdale Office Lease With Morgan Fidelity Associates And Control Point Associates
1901 West Cypress Creek Road
$17
Building Size
—
Asset Type
Office
Closing
Nov 1, 2023
AI
The Cypress Corporate Center located at 1901 West Cypress Creek Road in Fort Lauderdale has been leased in a closed transaction. This office property, spanning over 16,072 square feet, is a part of the Fort Lauderdale market. The lease was facilitated under an NNN Lease agreement with an asking rent of $17 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: Cypress Corporate Center - 1901 West Cypress Creek Road
- Market: Fort Lauderdale
- Lease Type: NNN Lease
The landlord of the Cypress Corporate Center is HS Capital Fund, represented by Harry Spitzer. The lease was signed by Morgan Fidelity Associates and Control Point Associates as the tenants. Representing the landlord in this deal are Gordon Messinger, Joseph Freitas, and Max Pawk from CBRE. On the other hand, the tenant was represented by Michael Feuerman and Daniel Silver from Berger Commercial Realty.
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
933117.65%
Cash-on-Cash
-266687.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93