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955 S Federal Hwy
Fort Lauderdale, FL 33316 Rio Vista

$11,950,000 USD

Loft Creative Space For Sale • 23,784 SF

Property Details

Property Type Loft Creative Space
Total Building Size 23,784 SF
Lot Size 0.36 AC
Building Class B
Year Built 1975
Cap Rate 7.10 %
Tenancy Multiple
Zoning RAC-RPO

40 Transit Score

80 Walk Score

                
                    Highlights
                
                                - 7.1% going-in / 8.1% stabilized cap rate at $11,950,000, just $248 per gross SF, below replacement cost
                            
                                - Few blocks from the new $245M U.S. Federal Courthouse, phased opening beginning early 2027
                            
                                - 42 turnkey executive suites (33 leased, 9 vacant) plus coworking floor, $144K lease-up upside with no capex
                            
                                - 53 covered spaces on two dedicated structured parking levels, a scarcity amenity on this corridor
                            
                                - Fully renovated in 2020 with direct US-1 frontage, minutes to Downtown, Las Olas, I-95, and FLL Airport

Property Flyers

955 S Federal Hwy. Short Version OM

Cap Rate:

7.10 %

Major Tenants

Tenant	SF Occupied	Lease End Date
117-119 W 15th St Llc
Precision Painting & Waterproofing
Skyland Realty, LLC
SkySPACES

Amenities

24 Hour Access
Controlled Access
Conferencing Facility
Security System
Waterfront
Reception
Storage Space
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	10 min	-	3.9 mi
	10 min	-	3.9 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	13 min	-	6.5 mi
Miami International	51 min	-	32.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Daniel Chaberman 646-323-7859 Chaberman Advisory

955 S Federal Hwy Fort Lauderdale, FL 33316 Rio Vista