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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 600 W Hillsboro Blvd, Deerfield Beach
- Square Feet: 13,845
- Tenant: Darby Dental Supply
- Landlord: TEQ Hillsboro, LLC
- Tenant's Rep: Kenneth Enos (Colliers International)
- Landlord's Reps: Dante Gentile (Commercial Florida), George Sacks (Commercial Florida)
- Move-in Date: Fourth quarter of 2018
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
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