Medical Bldg over 8% Cap 9% in 2026 Ft. Laud

Absolutely gorgeous Off Market medical building in desirable location!
Sale Price $6.5 million 8% Cap 9% Cap in 2026

• 96% leased medical office located in the suburban area of Fort Lauderdale.
• Recently renovated (2020) building is centrally location east of US1
• Heavy daytime traffic: property is passed by 35,215 daily drivers.

EXECUTIVE SUMMARY
96% OCCUPIED WITH LONG TERM LEASES......OFFICE PLAZA is located East of US1 in Fort Lauderdale. This four story 23,339 SF multi-tenant office building was originally built in 1971 and then renovated in 2020 and has been exceptionally maintained. The building consists of 22,519 rentable square footage on a .45 acre (19,366SF) lot. There is 100 feet of frontage on East Commerical Blvd with over 40,000+ daily passing cars. 14 separate tenants currently occupy the building (100% occupied)The building has 42 dedicated spots and 30 city spots in front of the building. This building is currently zoned for a variety of businesses including medical, health care, legal, professional, government office space, and much more. There is also a development opportunity for up to 150 feet.The following renovations were completed in 2020: new roof, updated four AC systems, updated bathrooms, updated elevators, interior and exterior paint, repaved the parking lot and relined the parking spots and updated the parking signs, remodeled the offices, installed interior and exterior security monitoring systems. There are three kitchens built out throughout the building. Each floor has men and women's bathrooms. The 40 year inspection was completed 2021.Located on the northeast corner of Federal Highway and Commercial Blvd with 100 feet of frontage this building gets over 40,000 cars passing per day. It is two miles from I-95, one mile from the beach, 10 miles from Fort Lauderdale International Airport, 5 miles from Fort Lauderdale Executive Airport, across the street from Holly Cross Hospital and two miles form Broward Imperial Point Hospital. This is a great investment for any portfolio. Due to the current below market rental rates there is huge upside potential for growth.