For Sale
$12,350,000

4801 Federal HwyFort Lauderdale, FL 33308

Prime Medical Office, High-Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 56,243 square foot medical office complex situated on a 2.02-acre lot in Fort Lauderdale, Florida. The property, known as MedPlex, comprises two buildings constructed in 1962 and benefits from a B-1 zoning designation. Located on the campus of Holy Cross Hospital, a top-rated regional hospital, the complex enjoys excellent visibility and accessibility on Federal Highway, with multiple points of access ensuring easy ingress and egress. The property boasts a strong tenant base, many of whom have occupied the space for over a decade, providing a stable and cash-flowing asset. The asking price is $12,350,000. This established medical office building presents significant upside potential through increased rents, a transition from a modified gross to a net-net-net lease structure, and a recalculation of square footage from net leasable to gross rentable space, potentially yielding over a 15% increase in gross leasable area. The property's strategic location, coupled with its strong occupancy and potential for increased revenue, makes it an attractive investment for discerning buyers. The property's APN numbers are 494213200020, 494213200010, and 494213010410. The Broward County location offers a thriving medical market and strong potential for future growth.

Highlights

  • 56,243 SF medical office complex on a 2.02-acre lot in Fort Lauderdale, FL.
  • Located on the Holy Cross Hospital campus with excellent visibility and access on Federal Highway.
  • Strong tenant base with long-term occupancy, providing stable cash flow.
  • Asking price: $12,350,000.
  • Significant upside potential through rent increases and lease structure optimization.

Property Details for 4801 Federal Hwy

Property type
Office properties, Medical offices
Square Feet
56,243 SF
Year Built
1962
Buildings
2
Lot Size (sq. ft)
87,991 SF

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1869653
Longitude
-80.1170137
4801 Federal Hwy, 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].
4801 Federal Hwy
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