Thor Equities Leases 5000 Square Feet At 17 S Fort Lauderdale Beach Blvd With Ariel Bernstein
17 S Fort Lauderdale Beach BLVD, For...
Building Size
5,000 SF
Asset Type
Retail
Closing
Oct 8, 2018
About this deal
AI
The Gym Fort Lauderdale Beach has secured a lease for a 5,000-square-foot space located on the first floor of the mall at 17 South Fort Lauderdale Beach Boulevard. This location is part of a retail environment that includes a variety of tenants such as Lulu’s Bait Shack, Maui Nix Surf Shop, and CVS.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 17 S Fort Lauderdale Beach BLVD
- Landlord: Thor Equities
- Landlord's Rep: Ariel Bernstein (Continental Real Estate)
Rafael Romero and Ariel Bernstein of Continental Real Estate Companies represented Thor Equities in this transaction. The inclusion of The Gym in the tenant mix enhances the diverse retail offerings at the mall, which also hosts high-end brands like Apple and Louis Vuitton.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse this market retail leases on Traded.
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