The Ideal Building 4200 NW 16th St 80,600 SF 78% Leased Office Building Lauderhill, FL 33313 $16,886,427 CAD ($209.51 CAD/SF) 7.29% Cap Rate

Marcus & Millichap is proud to present for sale the Ideal Building, a six-story, Class-B office building located at 4200 NW 16th St, Lauderhill, FL. This property offers immediate revenue generation, a strategic location, and significant upside potential, making it an attractive option for investors looking to maximize their returns.
The Ideal Building is a fully renovated, high-quality office asset offering 80,600 square feet of rentable space. Investors can expect stable returns. The property’s financial projections indicate strong income growth as occupancy rates improve. The significant $4.2 million renovation, including high-end finishes, a modernized elevator system, upgraded HVAC, and biometric security access, ensures that the building meets the demands of today’s business tenants.
A key reason this property stands out is its remarkable potential for upside in both occupancy and rental income. The current occupancy rate is 77.9%, leaving room for strategic leasing efforts to increase revenues. The projected net operating income (NOI) is expected to increase significantly, demonstrating the opportunity for strong cash flow growth. Additionally, with limited comparable office properties offering such premium amenities and flexible leasing structures, the Ideal Building has a competitive edge in the market.