Office Space – 33,178 SF in Lauderhill, FL – 100% Leased Corporate Center

Category: Office

Price:$7,250,000

Location: Fort Lauderdale, FL

Year Built: 1984

Days on Market: 59

Description:

This prime location offers signage, excellent visibility and accessibility, positioned along a bustling commercial corridor with proximity to major roadways such as Florida’s Turnpike and University Drive. The property comprises 33,178 SF of office space, situated on a 115,998 SF lot with 85 parking spaces, offering a total of 20 units within this corporate center. The property also offers 7,000 SF of contiguous space, ideal for an owner-user while maintaining income from the remaining tenants. Currently 78% occupied by twelve tenants, the property generates $341,276 annually with a 4.7% actual capitalization rate. An investor can lease out the vacant units at market rates to increase the annual net income to $585,980.87, providing a strong 8.1% cap rate. This prime location and value-driven pricing make it an unparalleled opportunity for investors.

Prime office center with signage and visibility. 33,178 SF on 115,998 SF lot, 85 parking, 7,000 SF owner-user space, 78% occupied.

Listing Code: 1103515892