DNA Labs International Relocates To Hillsboro Center In Deerfield Beach With JLL's Rep
700 W Hillsboro BLVD, Deerfield Beac...
Building Size
25,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The lease transaction involves a 25,000-square-foot industrial asset located at 700 W Hillsboro Blvd, Deerfield Beach, FL. The lease is a part of Hillsboro Center, which encompasses over 216,000 square feet of space and provides immediate access to Interstate 95, along with various surrounding amenities such as an onsite café and restaurant options, banks, and hotels.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 700 W Hillsboro Blvd, Deerfield Beach, FL
- Market: Henniker
- Tenant: DNA Labs International
- Tenant's Representative: Ryan Nunes - JLL
- Landlord: Grover Corlew
- Landlord's Representatives: Joe Freitas and John Criddle - Cushman & Wakefield
- Square Feet: 25,000
Ryan Nunes represented DNA Labs International in the lease expansion and relocation, marking a significant move for the forensic DNA lab firm. The landlord, Grover Corlew, was represented by Joe Freitas and John Criddle, who facilitated the lease negotiations for this corporate headquarters of DNA Labs International, a family-run business established in 2004.
Players
Henniker Industrial Market Snapshot
Boundary boundary · Industrial · 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