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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 12239 SW 53rd St, Cooper City, FL
- Market: Cooper City
- Landlord: Seagis Property Group
- Landlord's Representatives: Keith Graves, Daniel Forman, Jonathan Thiel of Berger Commercial Realty
- Square Feet: 1,960
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
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