for sale - loopnet · licensed real estate broker ascendant real estate group 401 las olas blvd...

Bed Bath& Beyond

SuperTarget

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(954) 540-4117 [email protected] O’Grady, CPALicensed Real Estate Broker

Ascendant Real Estate Group 401 Las Olas Blvd Suite 130Fort Lauderdale, Fl 33301This offering is subject to errors and omissions including being withdrawn from the market without notice.

2501 N Federal Hwy Fort Lauderdale, FL 33305 Verizon Corporate Anchored - NNN Investment

FOR SALE

Tenant SF %Economic Yearly Rent Lease Type

Total 6,818 100% $285,922

Verizon Corporate * 4,329 65% $213,072 NNN

Elite Medical ** 2,350 34% $72,850 NNN

Utility Closet 29 0% $0

LOCATION HIGHLIGHTS

• Densely populated area with an above average household income.

• Built In 2007 with an excellent signalized median cut in front of the property.

• Attention grabbing 14’ high monument sign and exterior building.

• Located on a busy road with an average daily traffic (ADTC) of over 54,500 vehicles.* Verizon Corporate a tenant since 2007 ** Annual 2% Increase

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LOCATIONDowntown Ft. Lauderdale

Pottery Barn

SITE MAP

N Fe

dera

l Hig

hway

AATC

: 54,

500

NE 26th Street

N

Gross SF ParkingLinear Frontage Land Size

6,815 SF 30 Spaces189’ .82 Acres

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SITE PLAN

SUMMARY

• Linear Frontage 189’• 6,815 Total SF• 35,881 SF Lot (.82 Acres)• 18’ Ceiling Height

• 30 Parking Spaces• 4.4 Parking Ratio (Per 1,000 SF)• 35,881 SF Lot (.82 Acres)• ADTC 58,000 (FDOT 2017)

• Located on primary lifestyle traffic artery • 100% Leased • Built in 2007• Construction type CBS• Zoned B-1 Boulevard Business• Ownership: Free Simple Estate

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Broward County, Florida The scope of opportunities and diversity of choices are indicative of the solid population growth and in the potential for continued expansion. The commercial combustion is being fueled by the home-grown growth of existing companies, some doubling in size, and national companies parachuting in to South Florida to grab their fair share of our peak population profits. The population is expected to increase by 1.8 percent in 2018, from 1.89 million to 1.98 million year over year. Over the next five years, this market is expected to see 167,320 new residents, bringing the total population over 2.1 million in 2022. At 3.4 percent, Broward county has the lowest unemployment rate in the South Florida region. Home values are also on the rise with the current average being valued at $315,180. Retail sales also went from $38.0 billion in 2014 to $48.5 billion in 2018. Demographics 1 Mile 2 Miles 3 Miles 2018 Population 16,124 64,173 126,422

Avg HH Income $101,427 $92,458 $90,217 Median Age 47.5 47.3 45.4

Total Businesses 1,361 5,159 12,039 Total Daytime Pop 11,012 43,673 123,957

North Federal Highway (N US1) Primary Lifestyle Retail Artery in Fort Lauderale with high traffic count.

Cypress Creek Commuter Rail (Tri-County Commuter) --- 15 min drive Fort Lauderdale Commuter Rail (Tri-County Commuter) --- 16 min drive Fort Lauderdale-Hollywood International Airport --- 24 min drive Miami International Airport --- 58 min drive

From software technology to international trade, from financial services to tourism, Greater Fort Lauderdale enjoys a robust, diversified business climate. In recent years, Broward County (metropolitan Fort Lauderdale) has substantially outpaced the national economic growth rate. Centrally located Fort Lauderdale-Hollywood International Airport (FLL) is the fastest-growing passenger hub in the nation, with the addition of a 2nd runway & new terminals. In addition, the bustling Port Everglades is attracting new cruise ships and cargo lines. Contemporary high-rise

condominium residences and hospitality properties are transforming downtown and the central beach area of Fort Lauderdale, and adding a new dimension to the region’s year-round appeal to leisure and business travelers. Dynamic downtown Fort Lauderdale is the base of Broward’s economy, and home to Fortune 500 companies like AutoNation, Mednax, as well as service companies, retailers and thousands of new residents. Located at the center of the tri-county region, Broward County offers a wide array of business opportunities for growth-oriented service, distribution, manufacturing, retail and construction firms. For instance, Citrix Systems, Inc. has become the global leader in access infrastructure solutions and secures network access for enterprises and individuals with more than 120,000 organizations using its products every day.

The Price of Office Space in Florida

The graphic above shows how rents have change year over year.

for sale - loopnet · licensed real estate broker ascendant real estate group 401 las olas blvd...

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