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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1974
Sq.Footage
23,784
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Covered
-
Pool
No
-
Waterfront YN
YES
Area & Lot
-
Lot Features
Waterfront
-
Lot Size(square feet)
15,535
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$11,950,000
-
Tax Amount
$98,327
-
Zoning
RAC-RPO
-
Sq. Footage
23,784
-
Price/SqFt
$502
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Broward
Elementary School
Middle School
High School
Listing Courtesy of Daniel Chaberman , Daniel Chaberman PA
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Realtor
Jarrod Gaylis
Call Jarrod today to schedule a private showing.
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