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2125 South Andrews Avenue

Affiliated Development Signs 4,000 Square Foot Lease With SPOT Market At The Era Fort Lauderdale
LEASEDRetail

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

Ashley Gonzalez

Miami’s Hottest Properties

Broker

$1.4M

vol

2 deals

Broker
SM
SPOT MarketBuyer

Nick Rojo

Affiliated Development

Landlord

$195.1M

vol

5 deals

Landlord
SM
SPOT MarketTenant

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