For Sale
$8,395,000

840 81St Ave North Lauderdale, FL 33068

Class B Office, 55,000 SF, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional four-story, 55,000-square-foot Class B office building in North Lauderdale, Florida, presents a compelling investment or owner-user opportunity. Located at 840 SW 81st Ave, 33068, this 1985-built property boasts an 89% occupancy rate and a strong pro-forma NOI of $738,500, yielding a pro-forma cap rate exceeding 8%. The asking price is $8,395,000, translating to $152.64 per square foot. The building features flexible, easily customizable floor plans, ideal for a diverse range of tenants, including traditional office users, salons, and other service-oriented businesses. Many units are already built out for office, nail salon, and hair salon uses. Amenities include 24/7 access, a sizable conference room, a client waiting room, a shared kitchen, and an on-site daycare. Its strategic location between Highway 441 and University Drive, with proximity to the Turnpike, ensures excellent accessibility throughout Broward County. This multi-tenant, gross lease property offers a significant return on investment and a prime location within a thriving residential neighborhood. The building's versatility and strong tenant base make it an attractive proposition for both investors and owner-occupiers seeking a stable and profitable asset in a desirable location.

Highlights

  • Class B, 55,000 SF office building in North Lauderdale, FL (840 SW 81st Ave, 33068) for sale at $8,395,000 ($152.64/SF).
  • 89% occupancy with a pro-forma NOI of $738,500 and a pro-forma cap rate exceeding 8%.
  • Highly versatile floor plans suitable for diverse tenants, including office users and service-oriented businesses; many units are already built-out.
  • Amenities include 24/7 access, a large conference room, client waiting area, shared kitchen, and on-site daycare.

Property Details for 840 81St Ave

Property type
Office properties
Square Feet
55,000 SF
Class
B
Year Built
1985
Buildings
1
Stories
4

Location Insight

City
North Lauderdale
County
Broward
State
Florida
Latitude
26.2186268
Longitude
-80.2360088

FAQs

What type of property is this?
Office property - Class B Office, 55,000 SF, High NOI
Where is the office property located?
The property is located at 840 81St Ave North Lauderdale, FL.
What is the asking price?
The asking price for this property is $8,395,000.
What are key features of this property?
This property features: Class B, 55,000 SF office building in North Lauderdale, FL (840 SW 81st Ave, 33068) for sale at $8,395,000 ($152.64/SF).; 89% occupancy with a pro-forma NOI of $738,500 and a pro-forma cap rate exceeding 8%.; Highly versatile floor plans suitable for diverse tenants, including office users and service-oriented businesses; many units are already built-out.
How can I contact the broker?
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840 81St Ave
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