Details
Single Tenant NNN Investment Available For Sale 1100 W McNab Road, Fort Lauderdale, FL ChildNet Headquarter Location Property Address 1100 W McNab Road, Fort Lauderdale, FL Property Type Class B Office Building Parcel Numbers 49-42-09-24-0020 Stories 2 Year Built 1971; Renovated in 2004 and again in 2015 Size (GLSF) ±82,854 SF Lot Size ±6.85 AC Zoning B-1-C, Ft Lauderdale Parking ±525 Spaces Providing a Ratio of 6.30/1,000 SF (±237 in Structured Parking and ±288 Surface Spaces) Occupancy 100% Rent Commencement 6/1/2015 Lease Term 10 years Security Deposit $228,815.10 Rent $16.72/SF or $1,385,319 annually with 3% bumps applied to Base Rent NOI $1,165,992 Price $15,800,000 Exclusive Advisors 1111 Brickell Avenue, Suite 2000 Miami, FL 33131 T: 305.350.0915 F: 305.372.0111 www.ngkf.com Overview The subject offering is for the sale of an ±82,854 SF suburban office building located at 1100 W McNab Road, Ft. Lauderdale, Florida that is NNN leased to ChildNet until 5/31/2025. The tenant, ChildNet, is Broward and Palm Beach Counties' Community Based Care (CBC) lead agency selected by the State to manage the local system of services and supports for abused, abandoned and neglected children and their caregivers. They have been operating since 2001 and administer annual budgets in excess of $100M. The improvements were constructed in 1971, renovated in 2004, then renovated again in conjunction with the turnkey build out for ChildNet’s lease in 2015. The main building in composed of a ±75,354 SF main floor and a ±7,500 SF mezzanine level. In addition, there is a structured parking garage which, with the surface lot, offers 525 parking spaces for a ratio of 6.3 spaces per 1,000 SF. All improvements are situated on a ±6.85-acre site. The property is well located along McNab Rd just west of Powerline Road. The two heavily trafficked thoroughfares have reported daily car counts of ±18,500 and ±37,500, respectively. Interstate 95 is located less than 1.5 miles east of the property with multiple entrances/exits within 2 miles. Additionally, the Florida Turnpike is also easily accessible approximately 2 miles west of the property. Michael Lapointe, CFA Executive Managing Director [email protected] Adam Greenberg, CCIM Executive Managing Director [email protected] Michael Lohmann Director [email protected] Christopher Wilkinson Director [email protected] Krystelle Lopez Senior Transaction Specialist [email protected]
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