4801 N Federal Hwy - Medical FOR SALE


Fort Lauderdale, FL 33308
$12,350,000 USD
954-816-7538
4801 N Federal Hwy, Fort Lauderdale, FL for Sale
$12,350,000 USD
Medical - FOR SALE
1/19
null | 6% Cap Rate

4801 N Federal Hwy
Fort Lauderdale, FL 33308


OVERVIEW

SVN Commercial Realty is pleased to present this opportunity to purchase a stabilized Medical Office Building (M.O.B.). This +/- 56,000 SF, 2-building M.O.B. sits on the campus of Holy Cross Hospital which in 2022 was named in the top 8 best regional hospitals in South FL by U.S. News. The property is known as Medical Office Complex or MedPlex. This long-established M.O.B. has many tenants that have maintained occupancy at the property for over 10 years. The buyer will benefit from a stabilized, cash flowing asset at time of ownership. Additional benefits include the unrealized upside of increased rents, change over from MG to NNN and switching from net leasable space size. With the addition of the 1,245 SF management office and a change to gross rentable square footages, the buyer can achieve over 15% increases in gross leasable space. MedPlex is located on campus of Holy Cross Hospital with frontage and excellent visibility on Federal Hwy. The property benefits from multiple points of access allowing for excellent ingress and egress in all directions.

FOR SALE DETAILS

PRICE

$12,350,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

B-1

APN/PARCEL ID

49-42-13-20-0020

ASK ABOUT THIS PROPERTY

Peter MessinaSVN Commercial RealtyMore Info
954-816-7538

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Peter MessinaSVN Commercial RealtyMore Info
954-816-7538

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