DRA Advisors Leases 10075 Square Feet At 100 W Cypress Creek Rd Fort Lauderdale
100 W Cypress Creek Rd, Fort Lauder...
Building Size
10,075 SF
Asset Type
Office
Closing
Feb 7, 2018
AI
The property asset involved in this transaction is a 10-story, 10,075-square-foot office space located at 100 W Cypress Creek Road, Fort Lauderdale, within the Floyd market. The building is part of Trade Center South, a Class A office building comprising 215,000 square feet and completed in 1984. The property has undergone cosmetic renovations in 1991 and 2011.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 100 W Cypress Creek Rd, Fort Lauderdale
- Market: Floyd
- Landlord: DRA Advisors
- Landlord's Representative: Greg Martin (Move Forward Real Estate)
- Square Feet: 10,075
The negotiations for this lease involved the team of Principal Greg Martin and Vice President Peyton Moore, representing the landlord, DRA Advisors. The property has been under the ownership of DRA Advisors since November 2011.
Players
Floyd 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