840 81 AveNorth Lauderdale, FL 33068

Property Details for 840 81 Ave

Year built

1985

Property size (Sq ft)

55,000 SF

Property type

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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