Cypress Corners | 2900 W Cypress Creek Rd
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Cypress Corners 2900 W Cypress Creek Rd
43,444 SF 100% Leased Office Building Fort Lauderdale, FL 33309 £7,668,010 (£177/SF) 6.17% Net Initial Yield
Investment Highlights
- Bright and spacious interiors with modern finishes.
- The Property is beautifully maintained with upgraded features.
- Plenty of windows to create a tranquil atmosphere to the workspace.
- Highly flexible floor plans offer bright and spacious offices to realize your business's full potential.
Executive Summary
Located in Fort Lauderdale, this property comprises a 2-story multi-tenant office building spanning 43,444 square feet, nestled on approximately 2.27 acres of land. Originally constructed in 1984 and recently upgraded in 2022-2023, this CBS-constructed facility boasts a generous parking ratio. Currently, it is occupied by tenants, presenting an excellent opportunity for value enhancement through leasing strategies. Conveniently positioned just north of Commercial Blvd, it offers swift access to I-95 & the Florida Turnpike and is surrounded by various amenities. Additionally, the property enjoys abundant natural light, meticulous maintenance, upgraded features, and flexible floor plans.
This property presents a prime investment opportunity in Fort Lauderdale, combining its strategic location, modern amenities, and potential for further development or leasing initiatives. Its recent upgrades and attractive features make it well-suited for businesses seeking a versatile and well-maintained medical office building in a thriving area with easy access to major transportation routes.
This property presents a prime investment opportunity in Fort Lauderdale, combining its strategic location, modern amenities, and potential for further development or leasing initiatives. Its recent upgrades and attractive features make it well-suited for businesses seeking a versatile and well-maintained medical office building in a thriving area with easy access to major transportation routes.
Property Facts
Sale Type
Investment
Sale Condition
Design & Build
Property Type
Office
Property Subtype
Building Size
43,444 SF
Building Class
B
Year Built/Renovated
1984/2024
Price
£7,668,010
Price Per SF
£177
Net Initial Yield
6.17%
NOI
£473,125
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
21,722 SF
Slab to Slab
8 ft
Building FAR
0.44
Lot Size
2.28 AC
Zoning
B-1 - Business, Professional and Medical Offices
Parking
258 Spaces (5.94 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Property Manager on Site
- Signage
- Kitchen
- Lift Access
- Secure Storage
- Outdoor Seating
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 49-42-08-09-0021 | Improvements Assessment | £3,545,391 |
| Land Assessment | £697,139 | Total Assessment | £4,553,593 |
PROPERTY TAXES
Parcel Number
49-42-08-09-0021
Land Assessment
£697,139
Improvements Assessment
£3,545,391
Total Assessment
£4,553,593
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Presented by
Realty Club LLC
Cypress Corners | 2900 W Cypress Creek Rd
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