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300 Northeast 3rd Avenue

Dependable Equities And Rabsky Group Lease 35000 SF Retail Space To Equinox In Fort Lauderdale
LEASEDRetail

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

Jonathan Rosen

JLL

Broker

$4M

vol

7 deals

Broker
Simon Dushinsky

Simon Dushinsky

Rabsky Group

Landlord

$1.6B

vol

18 deals

Landlord
E
EquinoxTenant

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