2151 Commercial Blvd Fort Lauderdale, FL 33308
- Office buildings
- 22,772 SF
- 0.54 lot acres
Current Use by Public Records
- The Family Place Recovery Center / Addiction Treatment Center
- Schiuma Anthony T MD / Doctor
- Signature Prenatal Center / Obstetrician-Gynecologist
- Sierra Robotic Hair Restoration Institute / Hair Transplantation Clinic
- Platinum Lending / Loan Agency
Property Details for 2151 Commercial Blvd
- Year built
- 1982
- Construction
- CONCRETE
- Lot size
- 0.54 lot acres
- Property size
- 22,772 SF
- Zone code
- B-1
- Property type
- Office buildings
- APN
- 49-42-13-04-1250
- APU
- 494213041250
Description
This exceptional investment opportunity presents the Saban Building, a two-story, 14,471 square foot Class B medical office building located at 2151 E. Commercial Blvd, Fort Lauderdale, FL 33308. Situated on a 0.52-acre lot in Broward County's B-1 Boulevard Business District, this property boasts a prime location directly on Commercial Boulevard, offering excellent visibility and signage opportunities. Currently 100% occupied by nine tenants, the building generates a strong pro-forma NOI of $545,147.92, representing a 7.50% pro-forma cap rate. The property features ample covered parking and benefits from its strategic location across from Holy Cross Hospital's main campus and within a five-minute drive of Broward Imperial Point Hospital. Below-market lease rates present significant upside potential for rental income growth. This fully leased asset offers a compelling investment opportunity in a high-demand medical office market. The building's 9 units are spread across two stories.
Value Estimation
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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
- -80.1168
- Latitude
- 26.1896
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
