2000 N Federal Hwy Highway, Pompano Beach, FL 33062
$4,295,000
Property Type:
Comm/Industry
Baths:
5
Square Footage:
10,371
Status:
Active
Current Price:
$4,295,000
Last Modified:
3/08/2024
Description
2000 N Federal Hwy is a 10,371 square foot medical office building on one of Pompano's most desired stretches of Federal Highway. This property was constructed in 1979 and renovated from 2017 with new roof, and 2018, and 2019 with impact windows, paint and landscaping. The property zoning, B-3 General Business, allows for a wide array of business to operate. The building is fully leased out, with long standing tenants in place. All tenants are on gross leases and under market rents.
The property has recently passed it's 40-year recertifications and is up to date on recent code for the elevator. 45 parking spaces allows the new owner to convert the ground floor to retail, further increasing the NOI. This three-story building has additional signage opportunity on the bell tower
Supplements: , to make this building a Landmark Building. Current NOI on the property is $157,276.71. Implementing a CAM to push expenses to the tenants will add approximately $71,263.73 to the NOI. Average rents for office and Medical office in the area are $22-25/SF, Retail averages $40/SF. , to make this building a Landmark Building. Current NOI on the property is $157,276.71. Implementing a CAM to push expenses to the tenants will add approximately $71,263.73 to the NOI. Average rents for office and Medical office in the area are $22-25/SF, Retail averages $40/SF.
More Information MLS# RX-10910929
Contract Information
Status: Active
Original List Price: 4995000
Auction: No
List Price: $4,295,000
Current Price: $4,295,000
List Price/Bldg SqFt: 414.13
Listing Date: 2023-08-11
Comm/Non-Rep: 0%
Comm/Buyer Agent: 3%
Comm/Trans Brk: 3%
General Property Description
Type: Office
For Sale: Yes
For Lease: No
Property Desc: 2000 N Federal Hwy
Year Built: 1978
SqFt - Living: 10371
SqFt Source: Tax Rolls
# of Stories: 3
Total Units: 5
Baths - Total: 5
Acres: 0.06
% Air Conditioned: 100
Waterfront: No
Location, Tax & Legal
Area: 3231
Geo Area: NUS1
Country: United States
County: Broward
Parcel ID: 484330000190
Street #: 2000
Street Dir: N
Street Name: Federal Hwy
Street Suffix: Highway
State/Province: FL
Zip Code: 33062
Zoning: B-3
Legal Desc: 30-48-43 S 100 OF N 550.58 OF W1/2 OF E 1/2 OF SW1/4 OF NW1/4 LYING E OF ST RD,S 100 OF N 550.58 OF W 200 OF E1/2 OF E1/
Tax Year: 2022
Real Estate Taxes: 35609.8
Geo Lat: 26.25603
Geo Lon: -80.099681
Remarks & Misc
Directions: East side of federal hwy across from Lowes
Office/Member Info
DXORIGMLNO: RX-10910929
DXORIGMLSID: RML
Building Info
# of Offices: 5
Property Features
Use: Professional Office; Retail; Other
Type of Building: Free Standing; Medical; Office/Professional; Retail
Construction: Concrete
Location: County
Sale Includes: Building and Land
Avail Docs: Abstract; Survey
Avail Info: Full Financials; Owner managed
Flooring: Tile
Cooling: Central Building; Electric
Heating: Central; Electric
Fire Protect: Smoke Alarm
Tenant Pays: Taxes
Utilities: Cable; Electric; Public Sewer; Public Water
Security: Security Sys-Owned
Roof: Other
Terms Considered: Cash; Conventional; Exchange
Lease: 1-3 Years; 4-6 Years
Listing Office: Sutter & Nugent LLC
Last Updated: March - 08 - 2024
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