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500 North Andrews Avenue

Go Grocer Leases 2,538 Square Feet At 500 North Andrews Avenue In Fort Lauderdale
LEASEDRetail

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

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:

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.

Players

Jaime Sturgis

Native Realty

Broker

$234.1M

vol

47 deals

Broker

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