The property is located at 2765 SW 36th St, Fort Lauderdale, FL, within the Fort Lauderdale market. SPG 2765 SW 36TH ST, LLC is the landlord for the property, which includes a lease for a 81,199-square-foot parcel featuring a 7,737-square-foot improved office and warehouse facility for Best Buy Stores, LP. The facility includes a 1,737-square-foot office and a 6,000-square-foot air-conditioned warehouse equipped with three grade-level drive-in doors. The property is situated on an oversized 1.89-acre lot and offers convenient access to various transportation routes, including I-95, State Road 84, I-595, US 441, Florida’s Turnpike, and is close to Fort Lauderdale/Hollywood International Airport and Port Everglades.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: $24,500,000
• Landlord: SPG 2765 SW 36TH ST, LLC
• Tenant: Best Buy Stores, LP
• Landlord's Representatives: Keith Graves - Berger Commercial Realty, Daniel Forman - Berger Commercial Realty, Jonathan Thiel - Berger Commercial Realty
• Tenant's Representatives: Will Falero - Colliers International, Jeremy Scheck - Colliers International

Berger Commercial Realty/Corfac International represented the landlord, SPG 2765 SW 36TH ST, LLC, in the execution of this lease agreement. Seagis Property Group, which owns the property, is expanding its portfolio in South Florida, further exemplified by their recent purchase of Seagis @ Port 95 earlier in July. The property is a fully-secured, single-user industrial facility.