Price$10,000,000
Listing IDF10301011
StatusActive
Acres 0.342
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. 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.
Listed by: Levy Realty Advisors LLC
© 2024 Beaches MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of BMLS. Real estate listings held by IDX Brokerage firms other than Premier Brokers International are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: Thursday, March 28th, 2024 at 04:06:18 PM.

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