Fort Lauderdale, FL 33301
$10,000,000
Property Type:
Comm/Industry
Status:
Active
Current Price:
$10,000,000
Last Modified:
3/30/2024
Description
Recently reduced! Multi-tenant office building for sale in downtown Fort Lauderdale. Great for owner/user looking for additional income. Building is 3 stories with covered parking/garage, lobby, elevator, and a 1,175 +/- SF office suite on the first floor, LONG TERM single tenant of approximately 9,200 SF on 2nd floor, and the 3rd floor is available for owner/user. Third floor is 9,295 +/- SF with core restrooms and 4 separate electric meters. New owner has ability to divide for additional tenants. Small roof top antennae adds additional income. Building signage is available. Elevator and 3rd floor restrooms recently updated. Close to Bright Line rail station, the newly approved joint governmental center, Flagler Village, FAT Village, with easy access to US 1, & Broward Blvd.
Supplements: 2nd floor tenant is on a long term lease with current leasing expiring 12/2028. Tenant has a modified gross lease, with tenant paying electric, janitorial, proportionate share of increases in taxes and insurance over base year of 2013. Tenant's 2021 income was $334,900. Additional antennae income of $6000 per year. Reimbursements from 2nd floor tenant are currently approximately $10,000 per year.
More Information MLS# FX-10301011
Contract Information
Status: Active
Original List Price: 7450000
List Price: $10,000,000
Current Price: $10,000,000
Listing Date: 2021-09-14
Comm/Non-Rep: $1
Comm/Buyer Agent: 2.0%
Comm/Trans Brk: 2.0%
General Property Description
Type: Office
For Sale: Yes
For Lease: No
Property Desc: Multi-tenant office
Year Built: 1985
# of Stories: 3
Total Units: 3
Acres: 0.34
Waterfront: No
Location, Tax & Legal
Area: 3270
Geo Area: FTNE
Country: United States
State/Province: FL
Zip Code: 33301
Zoning: RAC-CC
Legal Desc: GEO M PHIPPEN SUB LOT 5 BLK 2 FT LAUDERDALE 1-47 D (TRANS 02-35) LOT 1 LESS R/W,2 LESS R/W, 3 LESS R/W BLK A
Tax Year: 2020
Real Estate Taxes: 68057
Remarks & Misc
Directions: Broward Boulevard to North Andrews Avenue, go north on Andrews Avenue. there are 2 parking spaces along Andrews Avenue side outside the gated garage.
Office/Member Info
DXORIGMLNO: F10301011
DXORIGMLSID: FLL
Building Info
Miles to Expressway: 2
Monetary Info
Source of Expenses: Owner
Property Features
Use: Professional Office
Location: Central Business Dst
Sale Includes: Building and Land
Flooring: Carpet; Ceramic Tile; Concrete
Cooling: Central Individual
Heating: Central Individual
Tenant Pays: Electric; Janitorial
Utilities: Public Water; Separate Meter
Security: Fence; Gate - Unmanned
Terms Considered: Cash; Owner
Possession: Funding
Listing Office: Levy Realty Advisors LLC
Last Updated: March - 30 - 2024
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