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Federal Plaza 2850 N Federal Hwy

27,618 SF 94% Leased Office Building Lighthouse Point, FL 33064 $11,600,000 ($420/SF) 5.11% Cap Rate

Investment Highlights

  • 97% occupied with national tenants.
  • One acre vacant land next door to building, directly on Federal Hwy.
  • Redone building inside and out. New elevators, new lobby area, new impact windows, new ADA bathrooms, and updated common area.
  • Directly on federal Hwy.

Executive Summary

Federal Plaza is a 2-acre site directly on Federal Hwy. On the 1st site there is a 28,000 square foot building fully occupied with all tenants that are publicly traded companies. The 2nd site, next door is a one acre parcel of land that is vacant. A future site that can be developed.
Call for O/M and more information.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
27,618 SF
Building Class
B
Year Built/Renovated
1978/2015
Price
$11,600,000
Price Per SF
$420
Cap Rate
5.11%
NOI
$592,348
Percent Leased
94%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
6,905 SF
Building FAR
0.37
Land Acres
1.72 AC
Zoning
B-3A - Property is zoned mix use for medical, residential, retail and office.
Parking
120 Spaces (4.34 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Bicycle Storage
  • Direct Elevator Exposure
  • Wi-Fi

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 7,895 SF
  • -
  • Triple Net
  • -

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving many million consumer and small business clients with retail financial centers, approximately ATMs (automated teller machines) and award-winning digital banking with millions verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.

  • Holy Cross
  • Health Care and Social Assistance
  • 7,700 SF
  • -
  • Triple Net
  • -
  • North Regional Hospital
  • Health Care and Social Assistance
  • 6,300 SF
  • -
  • Triple Net
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Finance and Insurance 7,895 SF - Triple Net -
Holy Cross Health Care and Social Assistance 7,700 SF - Triple Net -
North Regional Hospital Health Care and Social Assistance 6,300 SF - Triple Net -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 4th Fl-Ste 401
  • 1,799 SF
  • Office
  • Full Build-Out
  • 60 Days
  • 4th Fl-Ste 403
  • 1,690 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
4th Fl-Ste 401 1,799 SF Office Full Build-Out 60 Days
4th Fl-Ste 403 1,690 SF Office Full Build-Out Now

4th Fl-Ste 401

Size
1,799 SF
Space Use
Office
Condition
Full Build-Out
Available
60 Days

4th Fl-Ste 403

Size
1,690 SF
Space Use
Office
Condition
Full Build-Out
Available
Now
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
48-43-19-00-0180
Land Assessment
$1,502,760
Improvements Assessment
$2,801,010
Total Assessment
$4,303,770
  • Listing ID: 28827489

  • Date on Market: 6/22/2023

  • Last Updated:

  • Address: 2850 N Federal Hwy, Lighthouse Point, FL 33064

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