4801 N Federal Hwy
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4801 N Federal Hwy
56,243 SF 95% Leased Office Building Fort Lauderdale, FL 33308 $12,350,000 ($220/SF) 6% Cap Rate
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
56,243 SF
Building Class
B
Year Built
1972
Price
$12,350,000
Price Per SF
$220
Cap Rate
6%
NOI
$741,000
Percent Leased
95%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
18,748 SF
Slab To Slab
11’
Building FAR
2.23
Lot Size
0.58 AC
Zoning
B-1 - Mixed Use
Parking
48 Spaces (0.85 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Reception
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
1,400 SF office space available for lease.
4 exam rooms 2 offices
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,400 SF | Office | Full Build-Out | Now |
| 2nd Floor | 1,500 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,400 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 1,400 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,400 SF office space available for lease.
2nd Floor
| Size | 1,500 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
4 exam rooms 2 offices
Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 49-42-13-20-0020 | Improvements Assessment | $1,575,870 |
| Land Assessment | $763,680 | Total Assessment | $2,339,550 |
PROPERTY TAXES
Parcel Number
49-42-13-20-0020
Land Assessment
$763,680
Improvements Assessment
$1,575,870
Total Assessment
$2,339,550
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4801 N Federal Hwy
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