1650 SE 17th St - Loft/Creative Space FOR SALE


Fort Lauderdale, FL 33316- Harbordale
$19,500,000 USD
786-999-4541
1650 SE 17th St, Fort Lauderdale, FL for Sale
$19,500,000 USD
Loft/Creative Space - FOR SALE
1/13
null | 6.71% Cap Rate

1650 SE 17th St
Fort Lauderdale, FL 33316
Harbordale


HIGHLIGHTS

  • PRIME 17TH STREET CORRIDOR LOCATION
  • SIGNIFICANT MARK-TO-MARKET UPSIDE
  • NEAR-TERM LEASE EXPIRATIONS CREATE REPRICING OPPORTUNITY
  • VACANCY LEASE-UP GENERATES IMMEDIATE INCOME
  • RECENTLY RENOVATED, WELL-CAPITALIZED ASSET
  • EXCEPTIONAL ACCESSIBILITY & AMENITY ENVIRONMENT

OVERVIEW

CBRE, Inc. as exclusive advisor, is pleased to present for sale, Harbor Walk Office Building, a +/-61,364-square-foot, four-story office building with attached parking garage, located at 1650 S.E. 17th Street, Fort Lauderdale, Florida 33316. Strategically positioned along one of Fort Lauderdale’s most vibrant commercial corridors - the 17th Street Causeway marine district - the Property offers investors an exceptional combination of in-place income, near-term mark-to-market upside, and a location at the crossroads of the city’s premier hospitality, marine, and convention infrastructure. The Property is a well-maintained, renovated building, featuring a diverse rent roll of 16 active tenants across professional services, health care, and business services industries. Leases are structured predominantly as gross with select NNN arrangements, generating consistent income with built-in annual escalations. With several near-term lease maturities, current rents averaging meaningfully below market, and four vacant suites totaling 9,381 SF, a new owner has a clear and immediate pathway to drive significant NOI growth. The Harbor Walk Building is situated steps from the 800-room Omni Fort Lauderdale Hotel at the entrance to Port Everglades, adjacent to the Broward County Convention Center, and within walking distance of numerous restaurants, hotels, and waterfront amenities. The building is 14 minutes from Fort Lauderdale-Hollywood International Airport (FLL), minutes from I-95, and sits at the heart of the city recognized globally as the ‘Yachting Capital of the World.’

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/SF

$319 USD /SF

CAP RATE

6.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbor Walk Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Restaurant, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

245

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

B-1

APN/PARCEL ID

50-42-14-43-0010

ASK ABOUT THIS PROPERTY

786-999-4541

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786-999-4541

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