December 9, 2021 – Charles Moody of Horvath & Tremblay have successfully completed the sale of the Kingston Building in Fort Lauderdale, Florida. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,000,000.
The Kingston Building is located 3520 West Broward Boulevard in Fort Lauderdale, Florida. The two-story building contains 25,482 total gross square feet (22,534 square feet of rentable space) on a 1.35-acre parcel. The Kingston building is 100% occupied and is home to twenty (20) tenants; the Property is anchored by the State of Florida which occupies more than 1/3 of the Property and is leased through 12/31/2029. The Property is home to a strong mix of tenants that service the local and regional residents. The Kingston Building is 100% occupied by the State of Florida (a state agency), nail and hair salons, religious establishments, law firms, an insurance agency, and several other businesses that cater to the surrounding community. The Property is well located along W Broward Boulevard (FL Route 842) and benefits from outstanding visibility and frontage along one of the area’s busiest commuter and commercial corridors as Broward Boulevard heads directly into downtown Fort Lauderdale. The Property is surrounded by densely populated residential neighborhoods and is 1.5-miles from Interstate 95, 2.5-miles from the Florida Turnpike, and 3.5-miles from US Route 1 and downtown Fort Lauderdale. The area is home to numerous national tenants, and planned communities drawing significant traffic to the area. Additionally, the Property is 1.75-miles from the Fort Lauderdale Amtrak Station with service along the Silver Meteor, Silver Star and the Tri-Rail, and is 6.5-miles from the Fort Lauderdale-Hollywood International Airport.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.