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600 W Hillsboro BLVD, Deerf...

Darby Dental Supply Leases 13845 Square Feet At 600 W Hillsboro Blvd Deerfield Beach
LEASEDOffice

Darby Dental Supply Leases 13845 Square Feet At 600 W Hillsboro Blvd Deerfield Beach

600 W Hillsboro BLVD, Deerfield Beac...

Building Size

13,845 SF

Asset Type

Office

Closing

Aug 22, 2018

AI

The property involved in this transaction is a 13,845-square-foot lease located at 600 West Hillsboro Boulevard in Deerfield Beach, within the Henniker market. The lease is situated in the 116,000-square-foot Hillsboro Center, where Darby Dental Supply will be relocating from Coral Springs and expanding its operations.

Summary of transaction details:

This long-term lease agreement marks a strategic move for Darby Dental Supply, which currently has seven regional locations across the nation and seeks to enhance its South Florida presence. The representatives involved have notable affiliations with their respective organizations, with Colliers International facilitating the tenant's interests and Commercial Florida managing the landlord's representation.

Players

Sal Bonsignore

Colliers

Broker

$62M

vol

5 deals

Broker

Henniker 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