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
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
Loading comparables…
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