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1901 West Cypress Creek Road

CBRE Represents HS Capital Fund In Fort Lauderdale Office Lease With Morgan Fidelity Associates And Control Point Associates
LEASEDOffice

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

Daniel Silver

Berger Commercial Realty

Broker

$4M

vol

4 deals

Broker
HF
HS Capital FundLandlord

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