Native Realty Secures Lease For Fun Center At Retail Building In Fort Lauderdale
1771 E Sunrise BLVD, Fort Lauderdale...
Building Size
—
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
The retail property at 1771 E. Sunrise Blvd in Fort Lauderdale was involved in a lease transaction. The property spans 8,169 square feet and was leased at a value of $2.55 million. The deal was secured by Native Associate Stacy Karst on behalf of Fun Center Fort Lauderdale, a growing tour and rental operator offering a variety of services including Segway tours, jet ski and boat rentals, Everglades and helicopter tours, and corporate events.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2.55 million
- Tenant's Rep: Stacy Karst (Native Realty)
The lease for the retail property at 1771 E. Sunrise Blvd facilitated by Stacy Karst of Native Realty further enhances the property's value and establishes Fun Center Fort Lauderdale as a significant presence in the area's entertainment and tourism sector.
Players
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Florida retail leases on Traded.
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