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200 Cypress Creek Rd Fort Lauderdale, FL 33309

For Sale
$21,995,000

Fort Lauderdale Office: Value-Add Opportunity

Property size:
121,761 SF

Description

Added:
Dec 11, 2024
Days on Market:
362
This Class A, six-story office building at 200 W Cypress Creek Rd, Fort Lauderdale, FL 33309, offers a compelling value-add investment opportunity. The 121,761 square foot building sits on a 3.03-acre lot and boasts an 8.71% cap rate with an asking price of $21,995,000 ($180.64/sq ft). Currently at 18% occupancy, this property presents significant upside potential. Built in 1983 and renovated in 2022, the building benefits from its prime location directly on the I-95 ramp, providing exceptional visibility. Its strategic position midway between West Palm Beach and Miami, at the intersection of major roadways including I-95, N Andrews Avenue, and W Cypress Creek Road, ensures easy access. Furthermore, its proximity to the Cypress Creek Tri-Rail station, Fort Lauderdale-Hollywood International Airport, and Fort Lauderdale Executive Airport enhances its appeal. The Tri-Rail connection provides convenient intermodal access to Miami and West Palm Beach. This transit-oriented location, coupled with the potential for limited capital expenditures to achieve outsized returns, makes this an ideal investment for experienced office operators. The property can also be delivered vacant, presenting a unique opportunity for a corporate headquarters with prominent signage. Cypress Creek's established reputation as a corporate office destination, due to its proximity to Broward and Dade counties, further strengthens this property's investment prospects.

Property Features for 200 Cypress Creek Rd

General Information

Property type
Office Properties & Spaces
Square Feet
121,761 SF
Class
A
Lot Size
131,987 SF

Building Details

Year Built/Renovated
1983/2022
Stories
6

HighLights

  • Transit‑oriented office building offering compelling value.
  • Value‑add opportunity with low capital expenditures promising high returns.
  • Prime location directly adjacent to Tri‑Rail, FLL International Airport, Fort Lauderdale Executive Airport, and I‑95.
  • Central location between Miami‑Dade, Broward, and Palm Beach counties.
Property Profile Location Intelligence

Current Use by Public Records

USI Insurance Services ... Insurance Agency BurgerFi Food Truck Fast Food Restaurant Dexian Signature Consultants Employment Agency Stephen James Associates Employment Agency Anthony’s Coal Fired ... Corporate Campus

Suggested Use

Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fort Lauderdale
County
Broward
State
Florida
Longitude
-80.14905209
Latitude
26.20243587

FAQs

What type of property is this?
Office Property / Space - Fort Lauderdale Office: Value-Add Opportunity
Where is this office property / space located?
The property is located at 200 Cypress Creek Rd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $21,995,000.
What are key features of this property?
This property features: Transit-oriented office building offering compelling value.; Value-add opportunity with low capital expenditures promising high returns.; Prime location directly adjacent to Tri-Rail, FLL International Airport, Fort Lauderdale Executive Airport, and I-95.
More about this property
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