955 S Federal Hwy
955, Federal Hwy, Fort Lauderdale, FL, 33316Basics
- Category: CommercialSale
- Type: Office
- Status: Active
- Bathrooms: 0
- Floors: 4
- Lot size: 15535, 15535 sq ft
- Year built: 1974
- County: Broward
- Lease Term: ThirtySixMonths
- MLS ID: A12070531
Description
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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
Ask our real estate expert about this property
This Office-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.