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Office Medical

Saban Professional Bldg

2151 E Commercial Blvd, Fort Lauderdale, FL 33308

Listing Price: Request For Offer

Rentable SF
23,000
Occupancy
100.0%
Year Built
1982
Lot Size
0.54 acres

Investment Overview

Marcus & Millichap is proud to present the Saban Professional Building, a three-story medical of?ce building located in Fort Lauderdale, Florida. The property is located on 2151 East Commercial Blvd, with approximately 150 feet of frontage. The property was originally built in 1982 and has been well maintained throughout current ownership’s tenure. The subject consists of 23,000 square feet of rentable area situated on 0.52 acres of land and is zoned B-1 - BOULEVARD BUSINESS. Current zoning allows for a variety of permitted uses, including medical office, hospitals, health care and fitness facilities, mixed-use developments, adult daycare centers, hotel uses and food and beverage services. The subject has 51 sub-terranean parking spaces. Saban Professional Building is 78% occupied with a mix of professional and medical office tenants, with long-term leases and below-market rents. The property is an excellent value-add investment opportunity for an investor looking for a stable, strong yielding asset. This asset is positioned to be well received and strongly sought after by owner uses and investors alike. The Fort Lauderdale office market has shown strong rent growth and a decline in the vacancy rate. This area provides a high concentration of of?ce-using employment, focused on industries such as healthcare, ?nance, and insurance. This asset sits at the intersection of two major transit corridors, East Commercial Boulevard, and North Federal Highway, with a combined traf?c count of over 80,000 vehicles a day and provides easy access to all major locations in Fort Lauderdale, including Interstate 95, Fort Lauderdale-Hollywood International Airport and Fort Lauderdale Executive Airport. Being a medical office building, Saban Professional Building is strategically located across the street from Holy Cross Hospital’s main campus and less than a five-minute car ride to Broward Imperial Point Hospital.

Investment Highlights

  • Seller financing may be available to qualified buyers
  • 51 Surface/Sub-Terranean Parking Spaces
  • 78% occupied with a mix of professional and medical office tenants
  • Directly across Holy-Cross Hospital
  • 150 Ft of Frontage on East Commercial Blvd.

Exclusively Listed By

Financing By

Office Medical

Saban Professional Bldg

Listing Price: Request For Offer

Rentable SF
23,000
Occupancy
100.0%
Year Built
1982
Lot Size
0.54 acres

Investment Highlights

  • Seller financing may be available to qualified buyers
  • 51 Surface/Sub-Terranean Parking Spaces
  • 78% occupied with a mix of professional and medical office tenants
  • Directly across Holy-Cross Hospital
  • 150 Ft of Frontage on East Commercial Blvd.

Investment Overview

Marcus & Millichap is proud to present the Saban Professional Building, a three-story medical of?ce building located in Fort Lauderdale, Florida. The property is located on 2151 East Commercial Blvd, with approximately 150 feet of frontage. The property was originally built in 1982 and has been well maintained throughout current ownership’s tenure. The subject consists of 23,000 square feet of rentable area situated on 0.52 acres of land and is zoned B-1 - BOULEVARD BUSINESS. Current zoning allows for a variety of permitted uses, including medical office, hospitals, health care and fitness facilities, mixed-use developments, adult daycare centers, hotel uses and food and beverage services. The subject has 51 sub-terranean parking spaces. Saban Professional Building is 78% occupied with a mix of professional and medical office tenants, with long-term leases and below-market rents. The property is an excellent value-add investment opportunity for an investor looking for a stable, strong yielding asset. This asset is positioned to be well received and strongly sought after by owner uses and investors alike. The Fort Lauderdale office market has shown strong rent growth and a decline in the vacancy rate. This area provides a high concentration of of?ce-using employment, focused on industries such as healthcare, ?nance, and insurance. This asset sits at the intersection of two major transit corridors, East Commercial Boulevard, and North Federal Highway, with a combined traf?c count of over 80,000 vehicles a day and provides easy access to all major locations in Fort Lauderdale, including Interstate 95, Fort Lauderdale-Hollywood International Airport and Fort Lauderdale Executive Airport. Being a medical office building, Saban Professional Building is strategically located across the street from Holy Cross Hospital’s main campus and less than a five-minute car ride to Broward Imperial Point Hospital.

Exclusively Listed By

Financing By

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