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Property profile

1560 Sawgrass Corporate Pkwy 4th Sunrise, FL 33323

FOR LEASE
Office buildings
Property ID
US18-2376547
98,715 SF 7.45 ac lot Built 1999
Entity Owned 6-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This Class A, 24,469 square foot office building in Sunrise, Florida, offers flexible workspace solutions. Located at 1560 Sawgrass Corporate Pkwy, 4th Floor, Fort Lauderdale, FL 33323, this Broward County property boasts 350 suites, with 5,970 square feet currently vacant. The building underwent renovations in 2019 and features elevators. Space is divisible down to 10 square feet, with a maximum contiguous space of 1,300 square feet. The property offers various configurations, including executive office suites, coworking spaces, and creative office layouts, catering to diverse business needs. Its convenient location provides easy access to I-595, ensuring quick commutes to Fort Lauderdale and the airport. The building's attractive design, ample parking, and proximity to a weekly Farmers' Market add to its appeal. This is an exceptional opportunity for businesses seeking a modern, well-maintained office space in a vibrant location. The property is ideal for multiple tenants and offers a range of sizes to accommodate various business requirements.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1999
Construction CONCRETE
Total area 98,715 SF
Lot 7.45 ac (324,569 SF)
Zoning code B-3
APN 49-40-34-03-0055
UPID US18-2376547

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$24.04M

Owner & transaction history

since 2019
5 recorded transactions
2019
$80.3M
2015
$75.0M
2012
$14.2M
2007
$23.6M
2000
$15.0M

Zoning & alternative use

B-3 · Sunrise, FL
Zoning description

To arterial streets and trafficways where business establishments primarily not of a neighborhood or community service type may properly locate to serve large sections of the city and metropolitan area

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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