Investment Overview

Marcus & Millichap is proud to present for sale the Ideal Building, a six-story class-B of?ce building located in Lauderhill Florida. This of?ce building is situated on an approximate 30,000 square foot parcel of land and offers 80,270 square feet of rentable space. The property was originally constructed in 1973. In 2022 the building was redesigned into a mix of executive offices on floors two, three, and six and general office space on floors one, three and five. The cost of the renovation was approximately $2,800,000, which includes high-end ?nishes, elevator modernization, all new bathrooms, common areas, electrical work, flooring throughout the building, HVAC system/units, new roof, stucco work, plumbing, interior painting and all new unit doors with a biometric system to eliminate the use of tenant keys. The building is situated next to the Lauderhill Mall and has a perpetual easement giving the building access to over 300 surface parking spaces. The Ideal Building is geographically located less than a mile east of the Florida Turnpike and approximately two miles to the west of Interstate-95. Current ownership has been leasing spaces on a weekly basis and given the lack of available similar products in this market, many of the tenants are coming from other of?ce buildings in the area. The Ideal Building provides investors an opportunity to acquire a solid upgraded asset with strong upside in occupancy.