4331 N Federal Hwy - Medical FOR SALE


Fort Lauderdale, FL 33308
$7,500,000 USD
305-281-8087
4331 N Federal Hwy, Fort Lauderdale, FL for Sale
$7,500,000 USD
Medical - FOR SALE
1/4
null | 6.22% Cap Rate

4331 N Federal Hwy
Fort Lauderdale, FL 33308


HIGHLIGHTS

  • 100% Medical Tenancy with Regional and National Providers
  • Landlord-Friendly Triple Net Leases with Full Expense Reimbursement
  • Extensively Renovated in 2017 with No Deferred Maintenance
  • Elevator Served Building with Contemporary Finishes
  • On-Site Security Cameras and Ample Parking
  • Affluent Demographics with $110,000+ Average Household Income within 1-Mile Radius

OVERVIEW

Berlin Group is proud to present this 19,492 SF, four-story medical office building (“MOB”) positioned along North Federal Highway in Fort Lauderdale/ Oakland Park, less than 500 feet from Holy Cross Hospital. The property is anchored by a diverse roster of healthcare providers, including 4Ever Young Anti-Aging Solutions (66+ locations), Encore MRI (11 Florida centers), Aesthetix Dermatology, and Coastal Infusion, a subsidiary of Sagebrush Health, which operates 12 specialty practices across Nevada, Connecticut, and South Carolina along with four additional clinics in South Florida. Built in 1998 and fully renovated in 2017, the property offers contemporary finishes with no deferred maintenance, 68 on-site parking spaces, and additional parking secured on an adjacent parcel. At closing, the Seller will lease back Suite 201 for one year, ensuring 100% occupancy. Distinguished by its dedicated roster of medical tenants and modern curb appeal, the building compares favorably against many of the older mixed-use properties in the area, positioning it as a best-in-class option within this corridor.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

6.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medical Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

B-1, Fort Lauderdale

APN/PARCEL ID

49-42-24-06-0180

ASK ABOUT THIS PROPERTY

Benedict GutierrezBerlin GroupMore Info
305-281-8087

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Benedict GutierrezBerlin GroupMore Info
305-281-8087

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.