PreGel Leases 15,600-Square-Foot Space In Fort Wayne Office Complex
1475 W Cypress Creek Rd, Fort Laude...
Building Size
15,600 SF
Asset Type
Office
Closing
Aug 6, 2018
AI
The property involved in the transaction is located at 1475 W Cypress Creek Rd, Fort Lauderdale, in the Fort Wayne market. The asset comprises 15,600 square feet of office space and is associated with The Midgard Group as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1475 W Cypress Creek Rd, Fort Lauderdale
- Market: Fort Wayne
- Landlord: The Midgard Group
- Landlord's Representative: Ronald A. Schagrin, Sal Bonsignore - Colliers International
- Square Feet: 15,600
This lease transaction includes Early Learning Coalition of Broward County as the new tenant, occupying the office space at 1475 West Cypress Creek Road. The property also hosts other tenants, including Brown & Brown Insurance and Parkson Corporation, which signed long-term renewals.
Fort Wayne Office Market Snapshot
Boundary boundary · Office · 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