Fully Stabilized & Renovated Medical Office
7,499 SF | 100% Leased | Office Building | Hollywood, FL 33020 | $2,860,000 ($381/SF) | 6.26% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,860,000
- Property Type
-
Office
- Square Feet
- 7,499 SF
- Price / Square Foot
- $381
Listing Contacts
David Richman
Verified Profile
Max Loria
Verified Profile
Alexandros Tsoulfas
Verified Profile
- Property Info
Property Overview
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 by 4 tenants with net leases. Where the only major landlord expense is the real estate taxes. Currently the property is generating an annual net operating income of $179,003.
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.
The subject property is currently 100% occupied by 4 tenants with net leases. Where the only major landlord expense is the real estate taxes. Currently the property is generating an annual net operating income of $179,003.
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.
Property Details
- Class
- B
- Year Built
- 1985
- Stories
- 2
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 17,860 SF
Highlights
- Newly renovated
- $250,705 in annual gross income
- Fully stabilized with net leases
- Strategic location- corner of Federal and Sheridan
- Liberal mixed-use zoning
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