840 81St AveNorth Lauderdale, FL 33068

Property Details for 840 81St Ave

Year built

1985

Property size (Sq ft)

55,000 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

North Lauderdale

County

Broward

State

Florida

Latitude

26.2186

Longitude

-80.236

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