1700-1750 NW 40th Ave
Lauderhill, FL 33313
Homeland Security Facility · Office Property For Sale

The U.S. Department of Homeland Security, Immigration and Customs Enforcement - Enforcement and Removal Operations (ICE - ERO) facility in Fort Lauderdale, Florida is a single-tenant, 16,000 square foot facility that was comprehensively redeveloped for ICE-ERO with completion in February 2018. This location houses Enforcement and Removal Operations, the division of ICE that is charged with the mission of identifying, arresting, and removing individuals that are a risk to national security or public safety. This facility is mission critical to ICE, and includes highly specialized features including a sallyport and detention areas. Fort Lauderdale ICE-ERO is 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.