1818 Sheridan St Hollywood, FL 33020-2113

Exceptional opportunity to acquire a fully stabilized and renovated 7,499 square foot medical office building in Hollywood, Florida. This single-tenant property boasts a strong 7.65% cap rate and a substantial net operating income of $218,760 annually, with a lease extending to January 1, 2030 (5.1 years remaining). The building, situated on a 17,780 square foot lot at the corner of Sheridan Street and US-1, benefits from excellent visibility and accessibility, being conveniently located 1.2 miles from I-95 and just 4 miles from Fort Lauderdale International Airport and Hollywood Beach. Recent extensive renovations include a new flat roof, AC units, elevator, asphalt parking lot, electrical system, gutters, exterior paint, landscaping, sprinkler system, fence, rolling gates, and tile upgrades in common areas. The property is 100% occupied under a Net Net lease, with real estate taxes representing the primary landlord expense. A full inspection report and environmental report are available. The permitted zoning is SS. This is a turnkey investment ideal for a passive income portfolio. Asking price: $2,860,000.