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Covered Land - Lighthouse Point, FL 2201 NE 52nd St 11,685 SF 100% Leased Office Building Lighthouse Point, FL 33064 $2,400,000 ($205.39/SF)
INVESTMENT HIGHLIGHTS
- Deep value-add investment opportunity in a prime location along the intracoastal
- Strategic covered land play with rental income upside and current vacancy
- Limited existing supply available with limited room for new development
- Commercial investment best suited for an owner-user or investor looking to capture upside through increasing rents to market rates and leasing the cur
- Long-term real estate appreciation with ability to cover current carrying costs
- The property is located between Sample Rd. and SW 10th Street exits east of I-95
EXECUTIVE SUMMARY
Cushman & Wakefield is proud to present for sale the medical office building located at 2201 NE 52nd Street, a unique value-add opportunity in Broward County. This investment is best suited for an owner-operator given the potential rental income upside and current vacancy. In addition, this location can be a strategic covered land play given the property’s stable cash flow and prime location. The subject property is conveniently located along N. Federal Highway (US1), East of I-95 between SW 10th Street and Sample Road exits. The medical office building is situated in the City of Lighthouse Point, a suburb in North Fort Lauderdale. Currently, the property is occupied by three tenants and there is 4,000 SF of vacant space available. The vacant space includes two executive offices, a large waiting room, and kitchen area. This office building is optimal for service providers like medical professionals, financial professionals, and other small businesses. The B3-A zoning designation permits offices uses such as day care facilities, medical labs, and financial institutions.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,685 SF
Building Class
B
Year Built
1991
Price
$2,400,000
Price Per SF
$205.39
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,658 SF
Building FAR
0.96
Lot Size
0.28 AC
Zoning
B3A, LighthousePoint - General Business
Parking
24 Spaces (2.05 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Debino Caluking & Waterproofing
- Services
- -
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$9.99
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Lorem Ipsum
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Jan 0000
- Nebojsic & Associates PA
- Professional, Scientific, and Technical Services
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Debino Caluking & Waterproofing | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Nebojsic & Associates PA | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 48-43-07-14-0161 | Improvements Assessment | $2,179,180 |
| Land Assessment | $171,320 | Total Assessment | $2,350,500 |
PROPERTY TAXES
Parcel Number
48-43-07-14-0161
Land Assessment
$171,320
Improvements Assessment
$2,179,180
Total Assessment
$2,350,500
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Covered Land - Lighthouse Point, FL | 2201 NE 52nd St
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