Affiliated Development Signs 4,000 Square Foot Lease With SPOT Market At The Era Fort Lauderdale
2125 South Andrews Avenue
Building Size
4,000 SF
Asset Type
Retail
Closing
May 11, 2026
AI
This retail asset is located at 2125 South Andrews Avenue in Fort Lauderdale, FL, with a total area of 4,000 square feet. The property is currently part of an under-construction mixed-income project known as The Era, which is designed as an eight-story, 400-unit development.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2125 South Andrews Avenue
- Market: Fort Lauderdale, FL
- Landlord: Jeff Burns & Nick Rojo - Affiliated Development
- Tenant: SPOT Market
- Landlord's Representative: Sarah Adler - Native Realty
- Tenant's Representative: Ashley Gonzalez - Miami’s Hottest Properties
Affiliated Development has secured SPOT Market as an anchor tenant for their project, which will include over 200 workforce housing units. The development is set to deliver next year, and the leasing efforts are represented by Native Realty and Miami’s Hottest Properties.
Players
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · 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