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12239 SW 53rd St, Cooper Ci...

Seagis Property Group Leases 1960 Square Feet In Cooper City With Brokers Keith Graves And Daniel Forman
LEASEDOther

Seagis Property Group Leases 1960 Square Feet In Cooper City With Brokers Keith Graves And Daniel Forman

12239 SW 53rd St, Cooper City, FL, 3...

Building Size

1,960 SF

Asset Type

Other

Closing

Nov 19, 2023

AI

The property involved in the lease transaction is located at 12239 SW 53rd St, Cooper City, FL, within the Cooper City market. It has a total area of 1,960 square feet. The property is part of the Cooper City Commerce Center, which encompasses a larger industrial/flex park totaling 276,738 square feet.

Summary of transaction details:

Berger Commercial Realty's leasing team successfully executed seven leases, achieving 100% occupancy for the Cooper City Commerce Center. The landlord, Seagis Property Group, has a substantial portfolio, managing ±16 million square feet nationally, with ±8 million square feet located in South Florida. Seagis is recognized for its active investment strategy, having completed over $238 million in acquisitions across various properties in the past year.

Players

Jonathan Thiel

Berger Commercial Realty

Broker

$20.9M

vol

12 deals

Broker
Seagis Property Group
Seagis Property GroupLandlord

Cooper City Other Market Snapshot

Boundary boundary · Other · 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