Niraj Shah Of Wayfair Leases 94,000 Square Foot Retail Store At Galleria Fort Lauderdale
2414 East Sunrise Boulevard
Building Size
94,000 SF
Asset Type
Retail
Closing
Apr 8, 2026
About this deal
AI
A retail asset located at 2414 East Sunrise Boulevard in Fort Lauderdale features a total square footage of 94,000. This property is part of a mixed-use redevelopment in the area and is noteworthy for its two-level design dedicated to retail purposes.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Market: Fort Lauderdale
- Tenant: Niraj Shah
- Tenant's Company: Wayfair
- Square Footage: 94,000
Niraj Shah represents Wayfair in this lease transaction, which will see the retailer open a new store at Galleria Fort Lauderdale in late 2027, as part of its expansion strategy into large-format retail beyond its existing e-commerce operations. The store will offer a variety of products, including furniture and appliances, while addressing the design needs of South Florida residents.
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