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29702519
29702518

1600 SE 17th Street, Fort Lauderdale, FL 33316

ML
FL FL SL3416242
JLL Miami | Brickell Avenue
JLL Miami
Listed by JLL Miami | Brickell Avenue, JLL Miami
Unpriced
344 days on market
Updated 113 days ago

17th Street Assemblage

Details
Property Type Land, Office
Sub Type Commercial, Executive Office (+1)
Square Footage 65,618
Net Rentable (SqFt) 65,618
Occupancy 100%
Tenancy Multi
Remaining Term 3.5
Class B
Year Built 1973, 1985, 1988
Year Renovated 2023
Buildings 3
Acreage 3.450
Zoning B-1
Parking Spaces 5 per 1,000 sq ft
Investment Type Stabilized
Ground Lease No

100% Leased Office Portfolio | Future Development Potential

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 17th Street Assemblage (“the Opportunity”, “the Assemblage”), a 2.59-acre assemblage with 65,618 square feet of office located on the vibrant 17th Street Corridor in Fort Lauderdale, FL. The existing properties are 100% leased to two tenants and consist of two buildings, the 1600 and 1550 Buildings, being offered fee-simple and 4 office condominiums located in a third building, the 1510 Building. The Assemblage also includes the vacant 0.66-acre land site at 1540 17th Street, home of the famous Resolve Anchor.

With its strategic, port-adjacent location along Fort Lauderdale’s most important artery for tourism, the 17th Street Assemblage offers tremendous potential for future redevelopment. This Opportunity is available at a significant discount to replacement cost and offers potential investors strong in-place cash flow coming from two tenants, Princess Cruise Lines and Denison Yachting, who have invested heavily into mission critical locations at their respective properties.

Investment highlights

100% LEASED OFFICE PORTFOLIO to Two Tenants, Princess Cruise Lines (52,837 RSF; LXP: 12/2028) and Denison Yachting (12,781 RSF; LXP: 5/2033)

STRATEGIC PORT EVERGLADES-ADJACENT LOCATION Caters to Tenancy in the Marine and Tourism Industries and Offers a Unique Value Proposition

THE 17TH STREET CORRIDOR’S REVITALIZATION AND GROWTH CONTINUES with the Completion of the Broward County Convention Center Expansion and the 801-Room OMNI Hotel

FUTURE MARK-TO-MARKET OPPORTUNITY as In-Place Rents are Significantly Below Market

POTENTIAL FOR FUTURE REDEVELOPMENT on the 2.59 Acres Site in Line with Recently Proposed Live Local Projects Along 17th Street, Currently Zoned B-1

Listing Contacts

ML
FL FL SL3416242
JLL Miami | Brickell Avenue
JLL Miami
Listed by JLL Miami | Brickell Avenue, JLL Miami

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Additional Information

Name
Max Lescano
License
FL SL3416242
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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