955 S Federal Hwy, Fort Lauderdale FL 33316

Description of 955 S Federal Hwy, Fort Lauderdale FL 33316

Exceptional investment or owner-user opportunity at 955 S Federal Highway, a 48,106 SF office building strategically located just blocks from the new $245 million U.S. Federal Courthouse, scheduled to open in 2027. Gut-renovated in 2020, the property features 42 office suites, two levels of covered parking, and 33 currently leased suites. Offered at $11,950,000, the property provides a 7.1% cap rate on current income, with significant value-add potential through the lease-up of the remaining vacant suites and continued income growth. Investors can benefit from strong in-place cash flow while executing a clear path toward stabilization, with a projected 8.1% cap rate at stabilized occupancy. The property also offers potential future owner-user occupancy, making it an attractive opportunity for both investors and businesses seeking a strategic Fort Lauderdale location.

Property Details for 955 S Federal Hwy, Fort Lauderdale FL 33316

Cooling

Central Building A/C

Parking Features

Additional Spaces Available, Covered, Free Parking

Pool Private

No

Building Information for 955 S Federal Hwy, Fort Lauderdale FL 33316

Building Name

SkyLand

Building Area Total

23784

Building Area Units

Square Feet

Stories

4

Stories Total

4

Association

No

Security Features

Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Security Gate, Security System

Property Information for 955 S Federal Hwy, Fort Lauderdale FL 33316

Lot Features

Central Business District, City Location

Lot Size Square Feet

15,535

Waterfront

Yes

Waterfront Features

Canal Width 1-80 Feet

View

No

Sewer

Public Sanitation

Water Source

Public

New Construction

No

Public Records for 955 S Federal Hwy, Fort Lauderdale FL 33316

Parcel Number

504215010130

Tax Annual Amount

$98,327

Tax Legal Description

LAUDERDALE 2-9 D LOT 22,23,24 LESS E 25 FOR ST RD BLK 1

Zoning

RAC-RPO

County Or Parish

Broward County

Location