Fort Lauderdale, FL

$10,000,000

Price

1985

Year Built

RAC-CC

Zoning

Gallery
Street
Map
Overview
Year Built
1985
Zoning
RAC-CC
Floor
["Carpet", "Ceramic Tile", "Concrete"]
Cooling
["Central Individual"]
Description

Recently reduced! Multi-tenant office building for sale in downtown Fort Lauderdale. Great for owner/user looking for additional income. Building is 3 stories with covered parking/garage, lobby, elevator, and a 1,175 +/- SF office suite on the first floor, LONG TERM single tenant of approximately 9,200 SF on 2nd floor, and the 3rd floor is available for owner/user. Third floor is 9,295 +/- SF with core restrooms and 4 separate electric meters. New owner has ability to divide for additional tenants. Small roof top antennae adds additional income. Building signage is available. Elevator and 3rd floor restrooms recently updated. Close to Bright Line rail station, the newly approved joint governmental center, Flagler Village, FAT Village, with easy access to US 1, & Broward Blvd. 2nd floor tenant is on a long term lease with current leasing expiring 12/2028. Tenant has a modified gross lease, with tenant paying electric, janitorial, proportionate share of increases in taxes and insurance over base year of 2013. Tenant's 2021 income was $334,900. Additional antennae income of $6000 per year. Reimbursements from 2nd floor tenant are currently approximately $10,000 per year.

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Listing ID: 20210915221508104493000000
Location
Gallery