For Sale
$9,800,000

2900 Cypress Creek RdFort Lauderdale, FL 33309

Fort Lauderdale medical office investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 43,444 square foot, two-story medical office building in Fort Lauderdale, Florida. Located at 2900 W Cypress Creek Rd, 33309, this Class B property sits on a 2.27-acre lot and features 258 parking spaces. Built in 1984 and extensively renovated in 2023, the building boasts 13 units with a 92.31% occupancy rate under a NN+ lease structure. The property offers a stabilized investment with a pro-forma NOI of $577,862 and a pro-forma cap rate of 5.90%. The asking price is $9,800,000 ($225.58/sq ft). Recent upgrades, abundant natural light, and flexible floor plans make this a highly desirable asset. Its prime location offers easy access to I-95 and the Florida Turnpike, surrounded by numerous amenities. The property's multi-tenant structure and rent bumps provide significant upside potential. This fee-simple ownership opportunity is ideal for investors seeking a strong return in a thriving market. The APN is 4942 08 09 0021.

Highlights

  • Prime Fort Lauderdale investment opportunity with strong potential for development or leasing.
  • Modern medical office building featuring recent upgrades and attractive amenities.
  • Excellent location in a thriving area with convenient access to major transportation.
  • Versatile space ideal for businesses seeking a well-maintained property.

Property Details for 2900 Cypress Creek Rd

Property type
Office properties, Medical offices
Square Feet
43,444 SF
Class
B
Year Built/Renovated
1984/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
98,881 SF
Units
13

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.202073393377
Longitude
-80.185535098034
2900 Cypress Creek Rd, Fort Lauderdale, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2900 Cypress Creek Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message