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2405 College Ave, Davie, FL...

Becknell Industrial Leases 55897 Square Feet At 2405 College Ave Davie With Jeffrey Hartsook
LEASEDRetail

Becknell Industrial Leases 55897 Square Feet At 2405 College Ave Davie With Jeffrey Hartsook

2405 College Ave, Davie, FL, 33317

Building Size

55,897 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The property located at 2405 College Ave, Davie, FL, 33317 is a leased asset comprising a total of 55,897 square feet. It is situated within the Davie market, reflecting the region's industrial capabilities.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 2405 College Ave, Davie, FL, 33317
  • Market: Davie
  • Tenant: Unknown
  • Landlord: Becknell Industrial
  • Tenant's Representative: Jeffrey Hartsook - Cresa

The transaction involves Becknell Industrial as the landlord, with Jeffrey Hartsook from Cresa representing the tenant in the leasing process. Further specifics regarding the negotiating parties are not disclosed, establishing a focus on the property lease without additional commentary.

Players

Jeffrey Hartsook

Cresa

Broker

$16.8M

vol

6 deals

Broker
BI
Becknell IndustrialLandlord

Davie 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