Serving as a primary parking lot for the Broward County Courthouse for more than 30 years, the 6th Street central parking lot consists of a 32,750 square-foot, 66-space car lot situated on a 0.75 acre site in Fort Lauderdale, Broward County, Florida. Included in the property is a 4,017 square-foot office building currently leased through 2017. Located within the Fort Lauderdale Central Business District, the property provides MVP with a potential opportunity for redevelopment.
Acquisition of Property
|Address||208 SE 6th Street
Fort Lauderdale, FL 33301
|Acquisition Date||Jul. 31, 2013|
|Purchase Price||Property is part of an aggregate $13.5 million, six parking facility portfolio|
The 6th Street parking lot serves as a popular parking destination for the Broward County Courthouse. The courthouse serves a 1,197 square-mile region of South Florida home to a population of 1.8 million, and provides a number of legal services to the public. Currently, construction is underway to expand the courthouse with a new 20-story, 714,000 square-foot building. The parking lot is also central to a number of public destinations, including restaurants, theaters, and the city’s Riverwalk.
Situated on the southeast coast of Florida, Fort Lauderdale is centrally located between Miami and Palm Beach. The city encompasses more than 33 square miles with a population of nearly 170,000. Today Fort Lauderdale is one of the most desirable locations for new, expanding, or relocating businesses.
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