SkyLand

Highlights:

• Lot Features: Central Business District, City Location
• Number Of Buildings: 1
• Documents Available: Aerial Photo(S), Contracts, Financial Statement, Investment Analysis, Copy Of Lease(S), Photos, Rent Rolls, Site Plans
• Cooling: Central Building A/C
• Parking Features: Additional Spaces Available, Covered, Free Parking
• Security Features: Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Security Gate, Security System

Description:

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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Listing ID: A12070531