Go Grocer Leases 2,538 Square Feet At 500 North Andrews Avenue In Fort Lauderdale
500 North Andrews Avenue
Building Size
2,538 SF
Asset Type
Retail
Closing
Mar 10, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 500 North Andrews Avenue in Fort Lauderdale. It encompasses a total area of 2,538 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 500 North Andrews Avenue
- Market: Fort Lauderdale
- Tenant: Paul Stellatos - Go Grocer
- Brokers: Jaime Sturgis, Jeremiah Adler, Kaley Tuning & Sarah Adler - Native Realty
Native Realty successfully leased the final space of 2,538 square feet at Motif at Flagler Village to Go Grocer. Jaime Sturgis, the CEO of Native Realty, and his team represented both the tenant and the landlord in this transaction, enhancing their presence in the retail and mixed-use market in South Florida.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93