1600 S Federal Hwy - Medical FOR SALE


Pompano Beach, FL 33062
$25,900,000 USD
1600 S Federal Hwy, Pompano Beach, FL for Sale
$25,900,000 USD
Medical - FOR SALE
1/15
null | Request Cap Rate

1600 S Federal Hwy
Pompano Beach, FL 33062


HIGHLIGHTS

  • Acquire Federal Tower and invest in a vibrant community of professionals with building renovations anticipated to elevate the workplace by late 2024.
  • Current on-site amenities include a banking facility with a drive-thru, complimentary parking, and dedicated property management.
  • Impressive 10-story, 132-unit residential building with ground-floor retail is planned to be developed next door, increasing clientele and exposure.
  • With major shopping centers and a robust medical community nearby, Federal Tower provides an ideal setting for work and personal needs.
  • Commuters benefit from access to Downtown Fort Lauderdale and Fort Lauderdale/Hollywood International Airport, ensuring smooth travel and logistics.
  • Pompano Beach is home to a prestigious roster of corporations like Hotels.com and Merrill Lynch, reinforcing the property's investment potential.

OVERVIEW

Unlock an exceptional investment opportunity at Federal Tower, located at 1600 S Federal Highway in Pompano Beach. Available for purchase, this premier 11-story office building is home to a dynamic community of diverse business professionals and is currently undergoing significant renovations to its common areas, set for completion in late 2024. These upgrades will feature high-quality finishes, ergonomic furniture, and modern amenities to enhance the workplace experience and attract top-tier tenants. On-site amenities, including Brightstar Credit Union with drive-thru and ATM services, offer convenience for tenants and their clients. The property currently provides complimentary on-site parking and dedicated property management, ensuring smooth operations and tenant satisfaction. Eye-catching electric signage enhances visibility for tenants, drawing attention from passing traffic. An exciting development is set to occur next door, featuring a 10-story, 132-unit residential building with ground-floor retail. This incredible modern structure will complement Federal Tower, creating an influx of potential clientele and significantly enhancing exposure with the addition of attractive retailers. Tenants have swift access to essential services within walking distance of the Pompano Place Shopping Center and the Imperial Shopping Plaza. The thriving nearby medical community, including Broward Health Imperial Point and Providence Holy Cross Medical Center, adds to the appeal for a diverse range of businesses. Commuters appreciate Federal Tower's unbeatable location, with Downtown Fort Lauderdale, Broward County's most prominent office employment hub, only 12 miles away. For businesses requiring smooth travel logistics, Fort Lauderdale/Hollywood International Airport (FLL) is just 25 minutes from the site. Pompano Beach is a captivating, family-friendly coastal community well-known for its 3 miles of sandy beaches and world-class diving and fishing. The area boasts prominent office tenants like Auto Nation, Charles Schwab, Stiles, Merrill Lynch, and Hotels.com, making it the ideal place for businesses to prosper. Take advantage of securing a stake in this thriving business environment.

FOR SALE DETAILS

PRICE

$25,900,000 USD

PRICE/SF

$381 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vera Federal Tower

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

11

BUILDING CLASS

A

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

285

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

B-3

APN/PARCEL ID

49-42-12-00-0070

ASK ABOUT THIS PROPERTY

Nick PolyushkinVera RealtyMore Info

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