555 Andrews Ave Pompano Beach, FL 33069
- Office Properties & Spaces
- 51,868 SF
- 5.31 lot acres
Current Use by Public Records
- Water Damage Experts of the Gold Coast / Building Restoration Service
- New Season Treatment Center – Pompano / Addiction Treatment Center / Mental Health Clinic
Property Details for 555 Andrews Ave
- Year built
- 1957
- Lot size
- 5.31 lot acres
- Property size
- 51,868 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional Pompano Beach office complex, situated on a 5.31-acre lot, offers 51,868 square feet of space in a two-story building. Completely renovated in 2023, including a 40-year certification, this Class B property boasts a modern design and features a beautifully landscaped lake. The building includes a welcoming lobby and ample parking with over 215 spaces. Currently 53% occupied (with occupancy at 100% projected by September 30, 2024), the property features five tenants, one of which has a strong preference to remain and has two five-year renewal options. The I-1 zoning allows for diverse uses, including medical facilities. The asking price is $16,000,000 ($308/SF), with a land value of $46.68/SF. The owner occupies approximately 25% of the space and is willing to lease back or vacate upon sale. Conveniently located near I-95 and the Florida Turnpike, this property offers easy access to major transportation routes. This prime location, five miles north of Downtown Fort Lauderdale, presents a compelling investment opportunity for owner-users or investors. Rent bumps are included in the lease agreements. The property's address is 555 S Andrews Ave, Pompano Beach, FL 33069, APN 494203160010.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1388
- Latitude
- 26.2232
