351 S Cypress Rd
Pompano Beach, FL 33060
Square One · Office Property For Sale

East of I-95; South of Atlantic Blvd; Behind brand new City Hall; Adjacent to Publix; Next to Police and Fire Station. Currently 55% Occupied (mismanaged) Numerous reposition options, including retail expansion, executive suites, co-working, flex space, virtual office. Asking Price $5,200,000 Square One Building is a four-story office building. Since 1980's Square One Building has served its immediate business community for office space and retail banking services. Once the headquarters for Wendy’s corporation. Now the building is in the City of Pompano Beach’s new Downtown and Innovation districts. Zoned with a B2 classification, the building owns the most flexible business zoning designation possible. It’s nearly 45,000 +/- square footage and innovative architectural design offers a multitude of buildout possibilities due to the absence of interior columns. A corporate headquarters could occupy well over 20,000 square feet of space on two floors, if the corridors were removed. The parcel is situated on 2.34 acres and has 138 parking spaces and shares access to a Publix grocery store and U.S. Healthworks medical clinic. Located just two blocks of Atlantic Boulevard, the building is located 1 mile from I-95, minutes from Federal Highway, 15 minutes from Boca Raton to the North, and 15 minutes from Ft. Lauderdale International Airport to the South. Floors two, three and four each possess independent air conditioning systems and electric meters. The ground level suites have their own independent air conditioning system. Electricity is metered for the entire floor except the bank space. Water is metered for the entire building. Two Mowrey passenger elevators have been retrofitted with high style woven steel panels and chrome accents for the ultimate business building image. The front door has a secure entry system with intercom allowing flexibility for 24/7 use while at the same time preventing unwanted visitors. This neighborhood landmark building towers over the area to Atlantic Boulevard and roofline signage will have the optimum visibility to I-95 and Atlantic to the East. Description of Tenants Current tenant mix varies from professions such as Engineering and Design to Certified Public Accountants to federal and local contractors with technical specialties. The majority of leases are expiring this year leaving an opportunity for a Corporation to occupy 95% for its own use. The 4th floor has stunning views of the City and ability for customization for operations. A recent analysis determined that triple net leasing is possible to achieve due to positive market changes and a demand for office space in Pompano Beach.