Mark Corlew Of Grover Corlew Leases 20,000 Square Feet To Priddy Spaces In Pompano Beach
2335 East Atlantic Boulevard
Building Size
20,000 SF
Asset Type
Office
Closing
Aug 11, 2026
About this deal
AI
The property asset involved in the transaction is an office space located at 2335 East Atlantic Boulevard, Pompano Beach, FL. The asset encompasses a total of 20,000 square feet, occupying the second through fourth floors of a 44,102-square-foot office building owned by Grover Corlew.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Terms: 10 years
- Landlord: Mark Corlew - Grover Corlew
- Tenant: Kevin Priddy - Priddy Spaces
Priddy Spaces will utilize the leased space for a Venture X coworking location, which is set to feature 85 private offices and four meeting rooms. This addition will expand Priddy Spaces’ Venture X footprint to six locations in South Florida, with the opening expected next year.
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Office
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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