Dependable Equities And Rabsky Group Lease 35000 SF Retail Space To Equinox In Fort Lauderdale
300 Northeast 3rd Avenue
$1
$1/SF
Building Size
35,000 SF
Asset Type
Retail
Closing
Apr 10, 2025
AI
The property asset involved in this transaction is a retail space located at 300 Northeast 3rd Avenue in Fort Lauderdale, with a total square footage of 35,000. The lease type is a NNN Lease, which typically implies that the tenant is responsible for all the expenses of the property, including taxes, insurance, and maintenance.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 300 Northeast 3rd Avenue
- Market: Fort Lauderdale
- Landlord: Dependable Equities, led by Isaac Schlesinger & Rabsky Group co-owner Simon Dushinsky
- Tenant: Equinox
- Landlord's Representative: Jonathan Rosen - JLL
- Tenant's Representative: Daniel Cardenas - Vertical Real Estate
This transaction highlights key individuals, specifically Isaac Schlesinger and Simon Dushinsky, who are instrumental in the landlord's side through Dependable Equities and Rabsky Group. Additionally, the representatives for both the landlord and tenant, Jonathan Rosen from JLL and Daniel Cardenas from Vertical Real Estate, played crucial roles in facilitating the lease agreement.
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
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93