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Commercial Real Estate

CommercialSaleOfficeFLFort Lauderdale955, Federal Hwy, Fort Lauderdale, FL, 33316

Basics

  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Floors: 4
  • Lot size: 15535, 15535 sq ft
  • Year built: 1974
  • County: Broward
  • Lease Term: ThirtySixMonths
  • MLS ID: A12070531

Description

  • Description:

    LAUDERDALE 2-9 D LOT 22,23,24 LESS E 25 FOR ST RD BLK 1 Exceptional investment or owner-user opportunity at 955 S Federal Highway, a 48,106 SF office building strategically located just blocks from the new $245 million U.S. Federal Courthouse, scheduled to open in 2027. Gut-renovated in 2020, the property features 42 office suites, two levels of covered parking, and 33 currently leased suites. Offered at $11,950,000, the property provides a 7.1% cap rate on current income, with significant value-add potential through the lease-up of the remaining vacant suites and continued income growth. Investors can benefit from strong in-place cash flow while executing a clear path toward stabilization, with a projected 8.1% cap rate at stabilized occupancy. The property also offers potential future owner-user occupancy, making it an attractive opportunity for both investors and businesses seeking a strategic Fort Lauderdale location.

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Location

  • Directions: From I-95, take Davie Boulevard east to S Federal Highway/US-1, turn left (north), and the property will be on your right at 955 S Federal Highway, Fort Lauderdale.

Building Details

  • Building Name: SkyLand
  • Structure Type: Office
  • Water Source: Public
  • Sewer: PublicSewer
  • Covered Spaces: 0
  • Number Of Buildings: 1

Amenities & Features

  • Parking Features: Covered,FreeParking
  • Security Features: SecuritySystem,FireSprinklerSystem,SecurityGate,SmokeDetectors
  • Parking Total: 53
  • Waterfront Features: CanalAccess
  • Window Features: ImpactGlass
  • Cooling: CentralAir

Expenses, Fees & Taxes

  • Tax Annual Amount: $98,327

Miscellaneous

  • List Office Name: Daniel Chaberman PA
  • Listing Terms: Cash,Exchange1031

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This -type commercial real estate is located in 955, Federal Hwy, Fort Lauderdale, FL, 33316 was built in 1974, and is listed at $11,950,000.

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