Fully Stabilized & Renovated Medical Office | 1818 Sheridan St
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Fully Stabilized & Renovated Medical Office 1818 Sheridan St
7,499 SF 100% Leased Office Building Hollywood, FL 33020 $4,017,385 CAD ($536 CAD/SF) 7.65% Cap Rate
Investment Highlights
- Newly renovated
- New: AC units, electric panel, renovated elevator, tiles in commons area stairs and hallway
- New: flat roof, gutters, exterior paint, landscaping,sprinkler system, asphalt parking lot, fence and rolling gates
- Full inspection report and full environmental report available
Executive Summary
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. The only major landlord expense is the real estate taxes. Currently the property is generating an annual net operating income of $218,760.
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. The only major landlord expense is the real estate taxes. Currently the property is generating an annual net operating income of $218,760.
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,499 SF
Building Class
B
Year Built
1985
Price
$4,017,385 CAD
Price Per SF
$536 CAD
Cap Rate
7.65%
NOI
$307,288 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,750 SF
Slab To Slab
10’
Building FAR
0.42
Land Acres
0.41 AC
Zoning
SS (RAC) - Downtown Redevelopment District intended for attractive and functional mixed living, working, shopping, education, and recreational activities.
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- JCS House Recovery Center
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| JCS House Recovery Center | Health Care and Social Assistance | 99,999 SF | $9.99 | Jan 0000 |
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 51-42-10-35-0020 | Improvements Assessment | $2,480,812 CAD |
| Land Assessment | $501,599 CAD | Total Assessment | $2,982,411 CAD |
PROPERTY TAXES
Parcel Number
51-42-10-35-0020
Land Assessment
$501,599 CAD
Improvements Assessment
$2,480,812 CAD
Total Assessment
$2,982,411 CAD
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Fully Stabilized & Renovated Medical Office | 1818 Sheridan St
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