955 S Federal Hwy, Fort Lauderdale, FL 33316
955 S Federal Hwy, Fort Lauderdale, FL 33316
955 S Federal Hwy, Fort Lauderdale, FL 33316
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$11,950,000
Est. payment /mo
23,784 SqFt
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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 23,784 sqft

Price per Sqft $502

MLS Listing ID A12070531

HOA Y/N No

Year Built 1974

Annual Tax Amount $98,327

Lot Size 0.357 Acres

Property Sub-Type Office

Property 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.

Location

State FL

County Broward

Area 3800

Zoning RAC-RPO

Direction 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.

Interior

Cooling Central Air

Window Features Impact Glass

Exterior

Waterfront Description Canal Access

Total Parking Spaces 53

Private Pool Yes

Building

Story 4

Sewer Public Sewer

Water Public

Others

Tax ID 504215010130

Security Features Security System,Fire Sprinkler System,Security Gate,Smoke Detector(s)

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12070531

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Daniel Chaberman PA

Nearby Locations

Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL 33331

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955 S Federal Hwy