The Gateway at Cypress Creek 200 W Cypress Creek Rd 121,761 SF 33% Leased Office Building Fort Lauderdale, FL 33309 $31,446,252 CAD ($258.26 CAD/SF) 8.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Transit-Oriented Office Building At A Compelling Basis
- Directly Adjacent to the Tri-Rail Station, FLL International Airport, Fort Lauderdale Executive Airport & I-95
- Administrative Value-Add With Limited CAPEX To Outsized Returns
- Centrally Located Between Miami-Dade, Broward, and Palm Beach Counties
EXECUTIVE SUMMARY
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 200 W Cypress Creek Road in Fort Lauderdale, FL. The property is a Class A Office spanning 121,7614 SF on a 3.03 AC lot with ample parking. This building is strategically located at the halfway point between West Palm Beach and Miami where major roads such as I-95, N Andrews , and W Cypress Creek Rd intersect. The property’s ideal location is directly on the I-95 ramp, which provides high visibility both North and South. In addition, it is within close proximity to the FLL International Airport, the Fort Lauderdale Executive Airport and is connected to the Cypress Creek Tri-Rail station. The Tri-Rail provides intermodal access from West Palm Beach to Miami. This building provides an incredible opportunity for an administrative value-add with limited CAPEX into outsized returns, making it the ideal investment for an experienced office operator. It can also be
delivered vacant for corporate HQ with a signage opportunity. Cypress Creek is a corporate office destination due to its proximity to Broward and Dade.
delivered vacant for corporate HQ with a signage opportunity. Cypress Creek is a corporate office destination due to its proximity to Broward and Dade.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
121,761 SF
Building Class
B
Year Built/Renovated
1983/2004
Price
$31,446,252 CAD
Price Per SF
$258.26 CAD
Cap Rate
8.70%
NOI
$2,737,020 CAD
Percent Leased
33%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
20,294 SF
Slab To Slab
12’
Building FAR
0.92
Lot Size
3.03 AC
Zoning
M-3 - M-3 County
Parking
355 Spaces (2.92 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Commuter Rail
- Signage
- Balcony
PROPERTY TAXES
| Parcel Number | 49-42-10-31-0010 | Improvements Assessment | $16,406,083 CAD |
| Land Assessment | $2,450,862 CAD | Total Assessment | $18,856,945 CAD |
