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2414 East Sunrise Boulevard

Niraj Shah Of Wayfair Leases 94,000 Square Foot Retail Store At Galleria Fort Lauderdale
LEASEDRetail

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

Niraj Shah

Wayfair Inc

Tenant

1 deal

Tenant

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