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1985 N Andrews Ave
Wilton Manors, FL 33311
Retail Property For Sale


Executive Summary
Exceptional opportunity to acquire a newly constructed (2022) mixed-use boutique building ideally located on highly visible Andrews Avenue in Wilton Manors, within the thriving Fort Lauderdale submarket. This meticulously maintained asset offers a modern architectural design with striking exposed ceilings reaching up to 15 feet, creating a bright and dynamic environment throughout.
The property features ample on-site parking, including three covered spaces, a rare amenity for the area. The building is fully access-controlled, providing a secure and professional setting for tenants and ownership.
The second floor is fully built out as high-end office space, highlighted by an impressive conference room and a dramatic vestibule showcasing 25-foot ceiling heights and a floating staircase. The space is currently occupied by ownership, who have approximately six years remaining on their lease, offering immediate income stability. Ownership is flexible and willing to either remain in place or vacate, making this an ideal opportunity for both investors and owner-users. The ground level is occupied by Green Dragon, a medical marijuana dispensary with 6.5 years remaining on its initial term.
Operating expenses are efficient, with CAM costs approximately $12 per square foot. As one of the few newer construction boutique office buildings in the submarket, this property presents a unique chance to acquire a modern, high-quality asset in a prime location.
The property features ample on-site parking, including three covered spaces, a rare amenity for the area. The building is fully access-controlled, providing a secure and professional setting for tenants and ownership.
The second floor is fully built out as high-end office space, highlighted by an impressive conference room and a dramatic vestibule showcasing 25-foot ceiling heights and a floating staircase. The space is currently occupied by ownership, who have approximately six years remaining on their lease, offering immediate income stability. Ownership is flexible and willing to either remain in place or vacate, making this an ideal opportunity for both investors and owner-users. The ground level is occupied by Green Dragon, a medical marijuana dispensary with 6.5 years remaining on its initial term.
Operating expenses are efficient, with CAM costs approximately $12 per square foot. As one of the few newer construction boutique office buildings in the submarket, this property presents a unique chance to acquire a modern, high-quality asset in a prime location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,900 SF
Building Class
B
Year Built
2022
Price
$7,027,965 CAD
Price Per SF
$889.62 CAD
Cap Rate
5.57%
NOI
$391,475 CAD
Percent Leased
61%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.45 AC
Zoning
B-2 - GENERAL BUSINESS
Parking
1 Spaces (0.13 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 49-42-27-56-0010 | Improvements Assessment | $2,393,518 CAD |
| Land Assessment | $494,054 CAD | Total Assessment | $3,176,316 CAD |
Property Taxes
Parcel Number
49-42-27-56-0010
Land Assessment
$494,054 CAD
Improvements Assessment
$2,393,518 CAD
Total Assessment
$3,176,316 CAD
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