1000 Corporate Dr, Fort Lauderdale, FL 33334-3634
- Office buildings
- 139,864 SF
- 6.32 lot acres
Current Use by Public Records
- Herlin Financial Services / Insurance Agency
- Rhonda Rone / Physician
- Clean Net of Miami (South Florida) / General Contractor
- Cleannet of South Florida / General Contractor
- Vensure Employer Services - PEO Services in Florida / Employment Agency / Business Service Center
Property Details for 1000 Corporate Dr
- Year built
- 1987
- Construction
- CONCRETE
- Lot size
- 6.32 lot acres
- Zone code
- O-P
- Property type
- Office buildings
- APN
- 49-42-11-24-0040
- APU
- 494211240040
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 30, 2019 | $24,165,000 | Rcc III LLC | Radice III LLC | Special Warranty Deed | — |
| May 11, 2017 | — | Radice III LLC | — | Deed · related | $16.5M · Miscellaneous Ins Co |
| — | — | Radice III LLC | — | Deed Of Trust · related | $7.2M · Lehman Brothers Bank Fsb |
| — | — | Radice III LLC | — | Loan Modification · related | $16.5M · Miscellaneous Ins Co |
Description
This exceptional sublease opportunity presents a fully built-out 5,532 square foot Class A office space in the heart of Fort Lauderdale's Cypress Creek submarket, at 1000 Corporate Drive, Suite 250, 33334. The space boasts beautiful modern finishes, including an open plan layout, three private executive offices, and a conference room, all with abundant natural light from floor-to-ceiling glass. Enjoy a below-market rate through November 30, 2028, with a significant 6-month rental abatement and a $5,000 gift card incentive for subtenants. The building features an impressive atrium lobby with marble accents and picturesque views, renovated common areas and bathrooms, and new landscaping. Its prime location offers easy access to major South Florida highways, is adjacent to the Westin Hotel, and is surrounded by lakes and lush landscaping. Amenities include ample parking (4 spaces per 1,000 sq ft) and proximity to a cafe and numerous restaurants (within a 2-minute drive). The property is zoned O-P and features a traditional office layout suitable for executive needs. This is a rare opportunity to secure high-quality office space in a desirable location at an attractive price point.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $71,430,000
- 6.5%
- $65,935,000
- 7%
- $61,225,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $48,520,000
- AI Estimate
- $35,144,000
Market price range: $37.2M - $66.2MMarket price range: $25.4M - $57.6M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $53,660,000 Current use
- COMMERCIAL (GENERAL)
- $72,445,000 Change: +35% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $65,720,000 Change: +22% Conversion: Difficult
- MEDICAL BUILDING
- $65,175,000 Change: +21% Conversion: Easy
- RETAIL STORES
- $55,255,000 Change: +3% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1373
- Latitude
- 26.2076
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
