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Fully Stabilized & Renovated Medical Office 1818 Sheridan St

7,499 SF 100% Leased Office Building Hollywood, FL 33020 £2,259,429 (£301/SF) 7.65% Net Initial Yield

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Investment Highlights

Newly renovated
New: AC units, electric panel, renovated elevator, tiles in commons area stairs and hallway

New: flat roof, gutters, exterior paint, landscaping,sprinkler system, asphalt parking lot, fence and rolling gates
Full inspection report and full environmental report available

Executive Summary

STL Commercial has been exclusively retained to arrange the sale of 1818 Sheridan St, Hollywood FL. The subject property is a 7,499 SF medical office building, situated on a 17,780 SF lot. Recently, the property has gone through a large amount of improvements. Including but not limited to, a new flat roof, AC units, elevator, asphalt parking lot, and electrical system.
The subject property is currently 100% occupied. The only major landlord expense is the real estate taxes. Currently the property is generating an annual net operating income of $218,760.
The property is strategically located on the corner of Sheridan St and US-1 in Hollywood FL. Offering exceptional visibility and accessibility to all major thoroughfares. The property is located 1.2 miles east of the I-95 Sheridan St exit. 4 miles from Fort Lauderdale International Airport and Hollywood Beach.

1818 SHERIDAN ST - OM

Financial Summary (Actual - 2024) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

7,499 SF

Building Class

Year Built

1985

Price

£2,259,429

Price Per SF

£301

Net Initial Yield

7.65%

NOI

£172,823

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Typical Floor Size

3,750 SF

Slab to Slab

10 ft

Building FAR

0.42

Land Acres

0.41 AC

Zoning

SS (RAC) - Downtown Redevelopment District intended for attractive and functional mixed living, working, shopping, education, and recreational activities.