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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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955 S Federal Hwy , Fort Lauderdale, FL 33316
$11,950,000
Est. Payment: $26,555.56/mo
0 Bed
0 Bath
23784 Sqft
Status: Active | Days on site: 13
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House Description

Exceptional investment or owner-user opportunity at 955 S Federal Highway, a 48,106 SF office building strategically located just blocks from the new $245 million U.S. Federal Courthouse, scheduled to open in 2027. Gut-renovated in 2020, the property features 42 office suites, two levels of covered parking, and 33 currently leased suites. Offered at $11,950,000, the property provides a 7.1% cap rate on current income, with significant value-add potential through the lease-up of the remaining vacant suites and continued income growth. Investors can benefit from strong in-place cash flow while executing a clear path toward stabilization, with a projected 8.1% cap rate at stabilized occupancy. The property also offers potential future owner-user occupancy, making it an attractive opportunity for both investors and businesses seeking a strategic Fort Lauderdale location.

Highlights

Listed by Daniel Chaberman , 646-323-7859 Daniel Chaberman PA , 646-323-7859.

Property Type

Commercial Sale

Lot/Acreage
0.36

Year Built

1974

County

Broward

Area

3800

Listing ID

A12070531

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Water:Public

Exterior Features

Lot:Canal Access
Garage Capacity:53
Zoning:RAC-RPO
Sewer:Public Sewer
Parking Features:Covered,Free Parking
Principal Interest
$26,556
Taxes
$8,194

Home Price

$11,950,000

Loan Details

30 yrs
%

Down Payment

20%
$2,390,000
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Monthly Price:
$26,555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $26,555.56 $8,193.92 $0.00 $34,749.47
Yearly $318,666.67 $98,327.00 $0.00 $416,993.67
Total $9,560,000.00 $2,949,810.00 $0.00 $12,509,810.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.