4200 NW 16th St - Loft/Creative Space FOR SALE


Lauderhill, FL 33313
$11,975,000 USD
786-522-7056
4200 NW 16th St, Lauderhill, FL for Sale
$11,975,000 USD
Loft/Creative Space - FOR SALE
1/20
null | 7.29% Cap Rate

4200 NW 16th St
Lauderhill, FL 33313


HIGHLIGHTS

  • Prime Location: Six-story, Class-B office building in Lauderhill, FL, near major highways (Florida Turnpike & I-95)
  • Recent Renovations: $4.2 million in upgrades, including high-end finishes, modernized elevators, upgraded HVAC, and biometric security access.
  • Competitive Pricing: Priced at $148.57 per SF, below comparable office buildings in the area.
  • High Demand Submarket: Broward County office market remains resilient, with strong leasing demand and rental growth.
  • Strong Market Growth: Broward County’s employment base is expanding, ensuring sustained office demand and rental appreciation.

OVERVIEW

Marcus & Millichap is proud to present for sale the Ideal Building, a six-story, Class-B office building located at 4200 NW 16th St, Lauderhill, FL. This property offers immediate revenue generation, a strategic location, and significant upside potential, making it an attractive option for investors looking to maximize their returns. The Ideal Building is a fully renovated, high-quality office asset offering 80,600 square feet of rentable space. Investors can expect stable returns. The property’s financial projections indicate strong income growth as occupancy rates improve. The significant $4.2 million renovation, including high-end finishes, a modernized elevator system, upgraded HVAC, and biometric security access, ensures that the building meets the demands of today’s business tenants. A key reason this property stands out is its remarkable potential for upside in both occupancy and rental income. The current occupancy rate is 77.9%, leaving room for strategic leasing efforts to increase revenues. The projected net operating income (NOI) is expected to increase significantly, demonstrating the opportunity for strong cash flow growth. Additionally, with limited comparable office properties offering such premium amenities and flexible leasing structures, the Ideal Building has a competitive edge in the market.

FOR SALE DETAILS

PRICE

$11,975,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Ideal Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

CC - Lauderhill

APN/PARCEL ID

49-41-36-29-0010

ASK ABOUT THIS PROPERTY

Alex ZylberglaitMarcus & MillichapMore Info
786-522-7056

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Alex ZylberglaitMarcus & MillichapMore Info
786-522-7056

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.