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 mlapointe@ngkf.com
Adam Greenberg, CCIM Executive Managing Director agreenberg@ngkf.com
Michael Lohmann Director mlohmann@ngkf.com
Christopher Wilkinson Director CWilkinson@NGKF.com
Krystelle Lopez Senior Transaction Specialist klopez@ngkf.com