General Services Administration (GSA)
Fort Lauderdale, FL
Unstated
Unstated
13.5 Years Remaining
100%
16,000 SQ FT
Office
1983 | Renovated 2018
1.86 Acres
Sold
SINGLE-TENANT FEDERAL GOVERNMENT FACILITY
100% leased to the U.S. Federal Government – Moody’s Aaa credit rating
NEW 15-YEAR LEASE TERM
Leased by GSA for new 15-year term, commencing in 2018
ESSENTIAL FACILITY FOR HOMELAND SECURITY
Comprehensive renovation in 2018 according to the specific requirements of Homeland Security, high-security facility with specialized features including sallyport and secure holding area
FLORIDA GOLD COAST & 8TH LARGEST U.S. METRO AREA
Greater Miami Metro location, the 8th largest MSA in United States and 73rd largest in the world with population exceeding 6 million
U.S. Federal Government facility in Fort Lauderdale, Florida. Single-tenant, 16,000 square foot facility that was comprehensively redeveloped with completion in March 2018.
Leased via a new 15-year term with the General Services Administration (GSA), and is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investors Service. The GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate which typically exceeds 95%.
The subject property benefits from a central location within Florida’s renowned Gold Coast, and is part of the Greater Miami Metro area, the 8th largest in the United States and 73rd largest in the world, with a population exceeding 6 million residents. The property has immediate access to Highway 441 and is in close proximity to Fort Lauderdale-Hollywood International Airport.
