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600 S Andrews Ave
Fort Lauderdale, FL 33301
Courthouse Tower · Office Property For Sale
Investment Highlights
- CLEAR VALUE-ADD OPPORTUNITY: Low in-place occupancy (~35–40%) provides immediate upside through lease-up.
- COURTHOUSE-DRIVEN DEMAND: Direct proximity to the Broward County Courthouse and a federal courthouse under construction (expected 2026).
- PARKING ADVANTAGE: Dedicated parking plus nearby structured parking, a key differentiator for downtown office assets.
- PREMIER DOWNTOWN LOCATION: Located in the courthouse district of Downtown Fort Lauderdale, one of the most active and tenant-driven office submarkets.
- MARK-TO-MARKET RENT POTENTIAL: Existing rents are below market, allowing for revenue growth as leases roll and new tenants are signed.
Executive Summary
Marcus & Millichap is pleased to present Courthouse Tower, a ±37,000 square foot office building located in Downtown Fort Lauderdale. The property presents a clear value-add opportunity, currently operating at approximately 35–40% occupancy, allowing an investor to drive significant upside through lease-up and repositioning.
The asset is ideally situated along Andrews Avenue within Fort Lauderdale’s courthouse district and benefits from proximity to both the Broward County Courthouse and a federal courthouse currently under construction with expected delivery in 2026. This location consistently attracts legal and professional tenants and remains one of the most demand-driven pockets of the downtown office market.
With meaningful vacancy and below-market in-place rents, the property offers a straightforward path to increasing cash flow through leasing activity and mark-to-market rent growth. Upon stabilization, the asset is projected to generate NOI in the mid-$600K range, representing a substantial increase from current performance.
The asset is ideally situated along Andrews Avenue within Fort Lauderdale’s courthouse district and benefits from proximity to both the Broward County Courthouse and a federal courthouse currently under construction with expected delivery in 2026. This location consistently attracts legal and professional tenants and remains one of the most demand-driven pockets of the downtown office market.
With meaningful vacancy and below-market in-place rents, the property offers a straightforward path to increasing cash flow through leasing activity and mark-to-market rent growth. Upon stabilization, the asset is projected to generate NOI in the mid-$600K range, representing a substantial increase from current performance.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
37,356 SF
Building Class
B
Year Built
1987
Percent Leased
37%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
5,337 SF
Building FAR
2.14
Lot Size
0.40 AC
Zoning
RAC-CC
Parking
113 Spaces (3.02 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 50-42-10-01-5660 | Improvements Assessment | $4,396,429 CAD |
| Land Assessment | $4,261,093 CAD | Total Assessment | $8,657,522 CAD |
Property Taxes
Parcel Number
50-42-10-01-5660
Land Assessment
$4,261,093 CAD
Improvements Assessment
$4,396,429 CAD
Total Assessment
$8,657,522 CAD
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