Courtyard Business Center

Location: Sunrise, FL
Type: Office
Price: $5,700,000

SMC has provided a $5,700,000 ten-year fixed rate mortgage to refinance existing debt collateralized by Courtyard Business Center, a 97% occupied flex building built in 1989 that is located in Sunrise, 14 miles northwest of the Ft. Lauderdale, FL CBD. The Property benefits from excellent accessibility given its proximity to major regional freeways and commercial corridors: one mile from Oakland Boulevard (traffic count of more than 40,000 vehicles per day), Commercial Boulevard (traffic count of more than 26,000 vehicles per day), and the Sawgrass Expressway (which connects to I-75), and within 6 miles of the Florida Turnpike. The Subject is situated in an infill location with a population of 129,189 persons within a 3-mile radius.