Current Use by Public Records
- Loh Jennifer MD / Physician
- R R Healthcare & Associates / Home Health Care Service
- Innocent Will MD / Physician
- Meghan L. Fox-Ritchie, MS / Physician
- Chancellor Institute School of Nursing & Allied Health, Offering LPN Online, ADN-RN, Phlebotomy programs / Vocational School / Training Center
Property Details for 2900 Cypress Creek Rd
- Year built
- 1984
- Lot size
- 2.27 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a 43,444 square foot, two-story medical office building in Fort Lauderdale, Florida. Located at 2900 W Cypress Creek Rd, 33309, this Class B property sits on a 2.27-acre lot and features 258 parking spaces. Built in 1984 and extensively renovated in 2023, the building boasts 13 units with a 92.31% occupancy rate under a NN+ lease structure. The property offers a stabilized investment with a pro-forma NOI of $577,862 and a pro-forma cap rate of 5.90%. The asking price is $9,800,000 ($225.58/sq ft). Recent upgrades, abundant natural light, and flexible floor plans make this a highly desirable asset. Its prime location offers easy access to I-95 and the Florida Turnpike, surrounded by numerous amenities. The property's multi-tenant structure and rent bumps provide significant upside potential. This fee-simple ownership opportunity is ideal for investors seeking a strong return in a thriving market. The APN is 4942 08 09 0021.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1855
- Latitude
- 26.2021
