Colliers International Brokers Lease Deal For Retail Space In Fort Lauderdale
307 SW 2nd St Fort Lauderdale, FL 33312, USA
$29
$29/SF
Building Size
11,000 SF
Asset Type
Retail
Closing
Jul 5, 2023
About this deal
AI
The retail property at 307 Southwest 2nd Street in Fort Lauderdale has been leased. The property spans a total of 11,000 square feet and was leased by tenant Luis Rams.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 307 Southwest 2nd Street, Fort Lauderdale
- Market: Fort Lauderdale
- Tenant: Luis Rams
- Tenant's Representative: Sam Azar - Colliers International
- Asking Rent: $29 per square foot
The lease deal was facilitated by Bradley Arendt of Colliers International, who represented both the landlord, Stephen Palmese, and the tenant, Luis Rams.
On the Map
$29
$29/SF
Retail
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Players
Miami 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
547000.00%
Cash-on-Cash
-156334.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93