This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Vera Federal Tower 1600 S Federal Hwy
68,002 SF 96% Leased 4-Star Office Building Pompano Beach, FL 33062 $25,900,000 ($381/SF)
Investment Highlights
- Acquire Federal Tower and invest in a vibrant community of professionals with building renovations anticipated to elevate the workplace by late 2024.
- Impressive 10-story, 132-unit residential building with ground-floor retail is planned to be developed next door, increasing clientele and exposure.
- Commuters benefit from access to Downtown Fort Lauderdale and Fort Lauderdale/Hollywood International Airport, ensuring smooth travel and logistics.
- Current on-site amenities include a banking facility with a drive-thru, complimentary parking, and dedicated property management.
- With major shopping centers and a robust medical community nearby, Federal Tower provides an ideal setting for work and personal needs.
- Pompano Beach is home to a prestigious roster of corporations like Hotels.com and Merrill Lynch, reinforcing the property's investment potential.
Executive Summary
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.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- 24 Hour Access
- Banking
- Bus Line
- Controlled Access
- Property Manager on Site
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Suite 204 is a spacious two-office suite filled with natural light and is move-in ready.
Suite 380 features several private offices located along a central corridor, with a CAM fee of $10 per square foot.
Suite 420 is a multi-office suite featuring excellent natural lighting and carpeting throughout.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 204 | 485 SF | Office | - | Now |
| 3rd Fl-Ste 380 | 500-1,000 SF | Office/Medical | Partial Build-Out | Now |
| 4th Fl-Ste 420 | 1,096 SF | Office | Partial Build-Out | Now |
2nd Fl-Ste 204
| Size |
| 485 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 380
| Size |
| 500-1,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Fl-Ste 420
| Size |
| 1,096 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 204
| Size | 485 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Suite 204 is a spacious two-office suite filled with natural light and is move-in ready.
3rd Fl-Ste 380
| Size | 500-1,000 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
Suite 380 features several private offices located along a central corridor, with a CAM fee of $10 per square foot.
4th Fl-Ste 420
| Size | 1,096 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
Suite 420 is a multi-office suite featuring excellent natural lighting and carpeting throughout.
About Central Fort Lauderdale
Fort Lauderdale is Broward County’s largest office employment hub when considering rentable space. The area borders the downtown central business district, yet rents are significantly lower here. South Florida’s main highway arteries, including Interstate 95 and U.S. Route 395, intersect in the locale. Fort Lauderdale is experiencing Broward County’s largest apartment construction wave in its history. High-growth multifamily areas that surrounding Fort Lauderdale include downtown Fort Lauderdale, Plantation, and Sunrise. Proximity to these areas, lower office rents, and connectivity are significant draws for office tenants.
Diverse office employment sectors, including healthcare and business services companies, as well as governmental organizations, have a substantial presence in Fort Lauderdale. Some of the largest office tenants in the area include Auto Nation, Charles Schwab, Stiles, Merrill Lynch, and Hotels.com.
Despite a low amount of office construction over the past decade, plenty of space is available here. Existing office space has drawn tenants such as FAME, SEACOR, and Weatherby Healthcare.
DEMOGRAPHICS
Demographics
Nearby Amenities
Hospitals |
|||
|---|---|---|---|
| Broward Health Imperial Point | Acute Care | 1 min drive | 0.5 mi |
| Providence Holy Cross Medical Center | Acute Care | 4 min drive | 2.1 mi |
| Broward Health North | Acute Care | 11 min drive | 6.1 mi |
| Broward Health Medical Center | Acute Care | 19 min drive | 9.4 mi |
| Northwest Medical Center | Acute Care | 20 min drive | 9.8 mi |
Restaurants |
|||
|---|---|---|---|
| Old World Polish Deli | Deli | $$ | 5 min walk |
| Smokey Bones | - | - | 7 min walk |
| Dunkin' | Cafe | - | 6 min walk |
| Anthony's Coal Fired Pizza | - | $$ | 9 min walk |
| Black Rock Bar & Grill | Steakhouse | $$$$ | 10 min walk |
| Bonefish Grill | American | - | 10 min walk |
Retail |
||
|---|---|---|
| Edward Jones | Finance Company | In Building |
| Walgreens | Drug Store | 4 min walk |
| Allstate Insurance Company | Insurance | 7 min walk |
| Publix | Supermarket | 6 min walk |
| The UPS Store | Business/Copy/Postal Services | 10 min walk |
| Anytime Fitness | Fitness | 11 min walk |
Hotels |
|
|---|---|
| Hampton by Hilton |
102 rooms
2 min drive
|
| Home2 Suites by Hilton |
90 rooms
6 min drive
|
| Westin |
298 rooms
8 min drive
|
| Sheraton Hotel |
253 rooms
9 min drive
|
| Marriott |
219 rooms
9 min drive
|
| element |
114 rooms
16 min drive
|
PROPERTY TAXES
| Parcel Number | 49-42-12-00-0070 | Improvements Assessment | $7,861,290 |
| Land Assessment | $3,071,790 | Total Assessment | $10,933,080 |
PROPERTY TAXES
Sale Advisor
Sale Advisor
Nick Polyushkin, Chief Executive Officer
Presented by
Vera Federal Tower | 1600 S Federal Hwy
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.