555 Andrews AvePompano Beach, FL 33069

Property Details for 555 Andrews Ave

Year built

1957

Lot size

5.31 AC

Property size (Sq ft)

51,868 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional Pompano Beach office complex, situated on a 5.31-acre lot, offers 51,868 square feet of space in a two-story building. Completely renovated in 2023, including a 40-year certification, this Class B property boasts a modern design and features a beautifully landscaped lake. The building includes a welcoming lobby and ample parking with over 215 spaces. Currently 53% occupied (with occupancy at 100% projected by September 30, 2024), the property features five tenants, one of which has a strong preference to remain and has two five-year renewal options. The I-1 zoning allows for diverse uses, including medical facilities. The asking price is $16,000,000 ($308/SF), with a land value of $46.68/SF. The owner occupies approximately 25% of the space and is willing to lease back or vacate upon sale. Conveniently located near I-95 and the Florida Turnpike, this property offers easy access to major transportation routes. This prime location, five miles north of Downtown Fort Lauderdale, presents a compelling investment opportunity for owner-users or investors. Rent bumps are included in the lease agreements. The property's address is 555 S Andrews Ave, Pompano Beach, FL 33069, APN 494203160010.

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Latitude

26.2232

Longitude

-80.1388

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