
$11,950,000 USD
Office for Sale, 955 S Federal Hwy, Fort Lauderdale, Florida 33316
- MLS#A12070531
Listed By Daniel Chaberman PA
The Office for Sale located at 955 S Federal Hwy, Fort Lauderdale, Florida 33316 is currently for sale. 955 S Federal Hwy, Fort Lauderdale, Florida 33316 is listed for $11,950,000.
Property features
Property
- Location: Waterfront
Lot/Land
- Land/Lot size:
1,443 m² (15,535 ft²)
Construction
- Year built: 1974
Parking/Garage
- Parking description: Covered Parking
Security
- Features: Sprinkler SystemSmoke Detector
Heating and Cooling
- Cooling System: Central AC
Utilities
- Other utilities: Public
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
955 S Federal Hwy, Fort Lauderdale, Florida 33316