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700 W Hillsboro BLVD, Deerf...

DNA Labs International Relocates To Hillsboro Center In Deerfield Beach With JLL's Rep
LEASEDIndustrial

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

John Criddle

CBRE

Broker

9 deals

Broker

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