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Office Medical

4331 N Federal Hwy

4331 N Federal Hwy, Fort Lauderdale, FL 33308

Listing Price: $7,500,000

Cap Rate
6.08%
Gross SF
19,492
Rentable SF
16,600
Price/Gross SF
$384.77
Occupancy
56.0%
Year Built
1989
Lot Size
0.56 acres

Investment Overview

Marcus & Millichap is proud to offer the opportunity to acquire a fully renovated medical office building in Fort Lauderdale, Florida with approximately 16,600 square feet of rentable area situated on 0.56 acres of land. The asset is strategically located half a mile from Holy Cross Hospital, a 557-bed facility, and in the heart of a dense medical district, providing excellent synergy with other medical businesses nearby. The subject property benefits from over 120 feet of frontage on North Federal Highway which is the county’s primary north-south commercial corridor with over 45,600 VPD. The property consists of four stories with three medical tenants including a successful national and regional operator. It is currently 56% occupied and therefore an excellent fit for both an Owner-User and Value-Add investor. The property underwent a full renovation in 2016 for approx. $2 million dollars which included a new roof, exterior façade work, stucco & painting, full impact windows and doors, new landscaping, new paving & striping, all new plumbing, electric and mechanical, new elevator, new A/C's, new fire sprinklers, new drainage system, and interior build-out.

Investment Highlights

  • Fully Renovated Medical Office Building with 56% Occupancy
  • Strategically Located 0.5 Mile from Holy Cross Hospital, a 557-Bed Facility
  • Synergistic Tenant Mix with Strong Medical Tenants including Regional and National Operators

Exclusively Listed By

Financing By

Office Medical

4331 N Federal Hwy

Listing Price: $7,500,000

Cap Rate
6.08%
Gross SF
19,492
Rentable SF
16,600
Price/Gross SF
$384.77
Occupancy
56.0%
Year Built
1989
Lot Size
0.56 acres

Investment Highlights

  • Fully Renovated Medical Office Building with 56% Occupancy
  • Strategically Located 0.5 Mile from Holy Cross Hospital, a 557-Bed Facility
  • Synergistic Tenant Mix with Strong Medical Tenants including Regional and National Operators

Investment Overview

Marcus & Millichap is proud to offer the opportunity to acquire a fully renovated medical office building in Fort Lauderdale, Florida with approximately 16,600 square feet of rentable area situated on 0.56 acres of land. The asset is strategically located half a mile from Holy Cross Hospital, a 557-bed facility, and in the heart of a dense medical district, providing excellent synergy with other medical businesses nearby. The subject property benefits from over 120 feet of frontage on North Federal Highway which is the county’s primary north-south commercial corridor with over 45,600 VPD. The property consists of four stories with three medical tenants including a successful national and regional operator. It is currently 56% occupied and therefore an excellent fit for both an Owner-User and Value-Add investor. The property underwent a full renovation in 2016 for approx. $2 million dollars which included a new roof, exterior façade work, stucco & painting, full impact windows and doors, new landscaping, new paving & striping, all new plumbing, electric and mechanical, new elevator, new A/C's, new fire sprinklers, new drainage system, and interior build-out.

Exclusively Listed By

Financing By

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