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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
Fort Lauderdale, FL 33301- MLS# FX-10301011
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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popdevteam, Fort Lauderdale, FL 33301 (MLS# FX-10301011)