1975 Sunrise BlvdFort Lauderdale, FL 33304

Property Details for 1975 Sunrise Blvd

Year built

1974

Construction

CONCRETE

Lot size

0.85 AC

Property size (Sq ft)

85,526 SF

Zone code

B-1

Property type

Office buildings

APN

49-42-36-00-0290

APU

494236000290

Description

This exceptional eight-story, 60,000-square-foot Class B office building, constructed in 1974 and renovated in 2015, offers a diverse range of flexible office spaces, ideal for various business needs. Located on Sunrise Boulevard near the Galleria Mall, this highly visible building boasts convenient access to major roadways. The property features multiple suites, with a minimum divisible space of 100 square feet and a maximum contiguous space of 12,000 square feet; currently, 15,000 square feet is available. Enjoy stunning views of the surrounding waterways from the upper five floors. The building provides ample parking with 237 spaces, including three levels of covered and secure parking, exceeding four spaces per 1,000 square feet of office space, plus additional visitor parking. Two elevators ensure efficient access to all floors. On-site amenities include a property manager, maintenance personnel, and security. The building's zoning is OFFICE, and its APN is 494236000290. The property is situated in the East Ft. Lauderdale submarket. Owners are known for their flexibility and competitive lease terms, tailored to meet individual budgetary requirements. This is a prime opportunity to secure exceptional office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $25,427,168

  6.5%

  $23,471,232

  7%

  $21,794,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,266,090

  Geo Method

  $25,266,090

• Alternative Use

  Use

  Valuation

  Residential

  $29,104,326

  Hospitality

  $26,659,406

  Educational

  $22,180,314

  Medical

  $22,943,128

  Retail

  $34,502,708

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.138

Longitude

-80.1193

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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