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Office

2941 Cypress Creek Professional

2941 W Cypress Creek Rd, Fort Lauderdale, FL 33309

Listing Price: $2,500,000

Gross SF
9,747
Rentable SF
9,747
Price/Gross SF
$256.49
Lot Size
1.00 acres
Year Built
2003

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale 2941 Cypress Creek Professional (the “Property”) located in the Cypress Creek Professional Park at 2941 W Cypress Creek Road in Fort Lauderdale, Florida. The Property is a two-story office building consisting of 9,747 rentable square feet in four units, which is currently fully occupied by two tenants. The first-floor tenant occupies both ground floor units, leased through June 2024 with annual rent escalations of three percent. The entire second floor of the building will be available by February 2023, or sooner with a 90-day notice. This presents the unique opportunity for an owner-user to occupy more than 50 percent of the building within a short time after closing, while obtaining solid cash flow. The entire second floor of the Property has been fully renovated with high-end, modern finishes; including beautiful wood-look floors, architectural soffits and frameless glass throughout. 2941 Cypress Creek Professional is conveniently located about three miles west of Interstate 95 on the north side of Cypress Creek Road, and is less than three miles from the entrance to the Florida Turnpike at Commercial Boulevard, providing easy access for commuters and clients. The building has prime frontage on Cypress Creek Road, and there is a central courtyard with benches and tables located directly behind the asset. The Cypress Creek Professional Park is a 10-building, 62,000 square foot office condominium park strategically located in Central Broward County at the northwest corner of the Fort Lauderdale Executive Airport (FXE). The Property offers a unique opportunity for an owner-user looking for a prime location in a highly sought-after submarket, with the ability to obtain SBA financing and enjoy cash flow from the remaining tenant in the building.

Investment Highlights

  • OWNER-USER OPPORTUNITY: Unique opportunity for an owner-user looking for a prime location in a highly soughtafter submarket, with the ability to obtain SBA financing
  • PRIME OFFICE LOCATION: Centrally located approximately three miles west of Interstate 95, on the north side Cypress Creek Road with direct frontage
  • HIGH DENSITY CORRIDOR: Traffic counts of nearly 45,500 vehicles per day on Cypress Creek Road and a population of nearly 152,000 within a 3-mile radius
  • CONVENIENT ACCESS: Proximity to banking and restaurants; with ease of access to Interstate 95 and the Florida Turnpike
  • NEWLY RENOVATED: Developed in 2004; newly renovated second ?oor with major improvements and upgrades

Exclusively Listed By

Office

2941 Cypress Creek Professional

Listing Price: $2,500,000

Gross SF
9,747
Rentable SF
9,747
Price/Gross SF
$256.49
Lot Size
1.00 acres
Year Built
2003

Investment Highlights

  • OWNER-USER OPPORTUNITY: Unique opportunity for an owner-user looking for a prime location in a highly soughtafter submarket, with the ability to obtain SBA financing
  • PRIME OFFICE LOCATION: Centrally located approximately three miles west of Interstate 95, on the north side Cypress Creek Road with direct frontage
  • HIGH DENSITY CORRIDOR: Traffic counts of nearly 45,500 vehicles per day on Cypress Creek Road and a population of nearly 152,000 within a 3-mile radius
  • CONVENIENT ACCESS: Proximity to banking and restaurants; with ease of access to Interstate 95 and the Florida Turnpike
  • NEWLY RENOVATED: Developed in 2004; newly renovated second ?oor with major improvements and upgrades

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale 2941 Cypress Creek Professional (the “Property”) located in the Cypress Creek Professional Park at 2941 W Cypress Creek Road in Fort Lauderdale, Florida. The Property is a two-story office building consisting of 9,747 rentable square feet in four units, which is currently fully occupied by two tenants. The first-floor tenant occupies both ground floor units, leased through June 2024 with annual rent escalations of three percent. The entire second floor of the building will be available by February 2023, or sooner with a 90-day notice. This presents the unique opportunity for an owner-user to occupy more than 50 percent of the building within a short time after closing, while obtaining solid cash flow. The entire second floor of the Property has been fully renovated with high-end, modern finishes; including beautiful wood-look floors, architectural soffits and frameless glass throughout. 2941 Cypress Creek Professional is conveniently located about three miles west of Interstate 95 on the north side of Cypress Creek Road, and is less than three miles from the entrance to the Florida Turnpike at Commercial Boulevard, providing easy access for commuters and clients. The building has prime frontage on Cypress Creek Road, and there is a central courtyard with benches and tables located directly behind the asset. The Cypress Creek Professional Park is a 10-building, 62,000 square foot office condominium park strategically located in Central Broward County at the northwest corner of the Fort Lauderdale Executive Airport (FXE). The Property offers a unique opportunity for an owner-user looking for a prime location in a highly sought-after submarket, with the ability to obtain SBA financing and enjoy cash flow from the remaining tenant in the building.

Exclusively Listed By

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