2900 Cypress Creek RdFort Lauderdale, FL 33309

Property Details for 2900 Cypress Creek Rd

Year built

1984

Lot size

2.27 AC

Property size (Sq ft)

43,444 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.2021

Longitude

-80.1855

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