CBRE Secures $17M Loan To Refinance Fort Lauderdale Retail Property | 3700-4032 North Ocean Boulevard | Mackenzie Lampman, Paul Ahmed | Retail | Loan

Summary

Loan

FLORIDA

Retail

211,178 sqft

The Galt Ocean Marketplace, a 105,589-square-foot shopping center located at 3700-4032 North Ocean Boulevard in Fort Lauderdale, has been refinanced with a $17 million loan. The property, owned by Kitson & Partners since 2006, is a retail asset boasting a 96 percent occupancy rate. Anchor tenant Winn-Dixie is joined by notable tenants such as CVS/pharmacy, Holy Cross Hospital, and McDonald's.

Summary of transaction details

Property Type: Retail
Transaction Amount: $17,000,000
Address: 3700-4032 North Ocean Boulevard, Fort Lauderdale
Market: Fort Lauderdale
Square Footage: 105,589 SF

CBRE's Ahmed Lampman and Mackenzie Lampman represented Kitson & Partners in securing the $17 million loan for the Galt Ocean Marketplace refinance.

Players

All
3

Agents
2
Agencies
1

Mackenzie Lampman

Senior Financial Analyst

$48.1M Sold

Paul Ahmed

Senior Vice President

$55.7M Sold

CBRE

Details

Deal Summary

FINANCED

IMAGE: Syd Kitson, Mackenzie Lampman & Ahmed Lampman DATE: 01/04/2024 ADDRESS: 3700-4032 North Ocean Boulevard MARKET: Fort Lauderdale ASSET TYPE: Retail ~ SF: 105,589 LANDLORD: Syd Kitson - Kitson & Partners BROKERS: Ahmed Lampman & Mackenzie Lampman (@KenzLampman) - CBRE (@CBRE) LOAN AMOUNT: $17,000,000 LOAN TYPE: Refinance NOTE: CBRE secured a $17 million loan to refinance Fort Lauderdale's Galt Ocean Marketplace, a 105,589-square-foot shopping center with anchor tenant Winn-Dixie. The property, acquired by Kitson & Partners in 2006, boasts a 96 percent occupancy and features CVS/pharmacy, Holy Cross Hospital, and McDonald's among its tenants.

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Address3700-4032 North Ocean Boulevard

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