- For sale
Colliers International is pleased to present the opportunity to acquire a 3.31 acre assemblage in Fort Lauderdale, Florida with direct visibility and accessibility to I-595, US 1, Fort Lauderdale International Airport, Port Everglades and Downtown Fort Lauderdale.
The property is comprised of four adjacent parcels totaling 144,005 square feet of land and 8,424 square feet of building located directly between I-595 and State Road A1A on SE Sixth Avenue and SE 32nd Street. The property has visibility from I-595 and US 1 and is 1 mile away from Port Everglades and Fort Lauderdale International Airport. It also has access to Andrews Avenue, which is the gateway into Downtown Fort Lauderdale’s financial and social district. The current zoning of the property is B-3 – Heavy Commercial / Light Industrial Business District, which is intended for commercial business uses, and is located along major transportation arterials and draws such as airports, ports and Fort Lauderdale Brightline Station.
The property currently has two leases in-place for the whole lot with Fox Rent a Car and SIXT Rent a Car. The property at 3100 South Federal Highway, comprised of 90,193 square feet of land and 8,424 square feet of building, is leased until April 30, 2022, with a current annual rent of $360,010 and 3% rent increases every year. The property at 3020 South Federal Highway, comprised of 37,770 square feet of land, is leased for 1 year until July 1, 2019, with a current annual rent of $286,800. The property provides a great stream of income from the two leases and serves as “covered-land” until the time the new owner decides to monetize the property and develop it to its full potential.