840 SW 81st Ave - Office FOR SALE


North Lauderdale, FL 33068- Lauderdale North Park
$7,895,000 USD
754-310-6339
840 SW 81st Ave, North Lauderdale, FL for Sale
$7,895,000 USD
Office - FOR SALE
1/22
null | 9.35% Cap Rate

840 SW 81st Ave
North Lauderdale, FL 33068
Lauderdale North Park


HIGHLIGHTS

  • Seize the opportunity to occupy or invest in a prime office facility with an alluring architectural design in North Lauderdale.
  • Explore the property's upside potential by evaluating tenants' rates against the current market rate and by filling remaining vacancies.
  • Caters to all businesses with flexible, highly customizable floor plans and a diverse tenant mix of office users, personal services, and more.
  • Tenants benefit from 24/7 access, a sizable conference room, a client waiting room, and a convenient shared kitchen.
  • Strategically located in a bustling residential neighborhood between highly visible US Highway 441 and University Drive.
  • Enjoy robust local demographics with over 51,000 daytime employees and nearly 70,000 households within a 3-mile radius.

OVERVIEW

840 SW 81st Avenue in North Lauderdale, also known as The 840 Building, presents an exceptional investment or owner/user opportunity in an optimal business location. This four-story, 55,000-square-foot office building offers flexible and customizable floor plans, making it ideal for diverse businesses, including professional office users, headquarters, service-oriented companies, data entry firms, and even yoga or dance studios. Investors will appreciate the strong upside potential, with the building only about 25% occupied. This allows for a value-add opportunity by leasing vacant space at market rates to increase rental income. Alternatively, a buyer can occupy a large portion while still benefiting from future leasing opportunities. The seller is finalizing permits for additional renovations and new office spaces, further enhancing the building’s appeal. Recent improvements include recertified and repaired elevators, ensuring a reliable and modern working environment. The 840 Building features various amenities supporting businesses and their employees, including an on-site daycare, a shared kitchen, a client waiting room, and a conferencing facility. These features create a professional and convenient atmosphere for tenants and visitors. Conveniently positioned between US Highway 441 and University Drive, with swift access to Florida’s Turnpike, 840 SW 81st Avenue ensures seamless connectivity across Broward County. The 840 Building is within a 30-minute drive to Fort Lauderdale/Hollywood International Airport (FLL), making travel and logistics efficient for business operations. With a robust daytime workforce of over 51,000 employees and nearly 70,000 households within a 3-mile radius, The 840 Building is a prime location for businesses looking to establish or expand their presence in North Lauderdale.

FOR SALE DETAILS

PRICE

$7,895,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

9.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The 840 Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

266

LAND DETAILS

LAND ACRES

3.48 AC

LAND SF

151,589 SF

ZONING

B-2

APN/PARCEL ID

49-41-02-09-0622

ASK ABOUT THIS PROPERTY

Adam GoldsteinTrust Realty USA LLCMore Info
754-310-6339

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Adam GoldsteinTrust Realty USA LLCMore Info
754-310-6339

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