2900 Cypress Creek Rd Fort Lauderdale, FL 33309

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.