200 Cypress Creek Rd, Fort Lauderdale, FL 33309

Property Details for 200 Cypress Creek Rd

Year built

1983

Lot size

3.03 lot acres

Property type

Office Spaces

Description

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.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Longitude

-80.1491

Latitude

26.2024