Skyspaces 955 S Federal Hwy 23,784 SF 100% Leased Office Building Fort Lauderdale, FL 33316 $16,810,424 CAD ($706.80 CAD/SF)

Chaberman Advisory is pleased to exclusively offer for sale 955 S. Federal Highway, a fully renovated, 48,106 SF multi-tenant office building on one of Fort Lauderdale's primary commercial corridors, two blocks from the new $245 million U.S. Federal Courthouse. Offered at $11,950,000, the property delivers a 7.1% going-in cap rate on in-place income, with a defined path to an 8.1% stabilized yield through lease-up alone.
The building comprises approximately 23,784 rentable square feet of office space across two upper floors, including 42 turnkey executive suites (33 leased, 9 vacant) and a flexible coworking floor, supported by 53 structured covered parking spaces on two dedicated parking levels, a genuine scarcity amenity on this corridor. Fully renovated in 2020, the property requires minimal near-term capital and accommodates a range of leasing and ownership strategies, from multi-tenant investment to partial owner-occupancy.
Current ownership has established diversified in-place income across 33 leases while preserving meaningful upside: the nine vacant, fully built-out suites represent approximately $144,000 of additional annual revenue at current asking rents, requiring no capital to deliver.
The demand catalyst is named and dated. The new U.S. Federal Courthouse, approximately 255,000 SF with 12 courtrooms and 17 judges' chambers, opens in phases beginning in early 2027, two blocks south. The courthouse is expected to draw law firms, litigation support services, title companies, and other professional users seeking immediate proximity to the federal judicial complex. A significant portion of the lease roll reprices during this exact window, giving an investor a clearly defined opportunity to capture rental growth as demand strengthens, without buying out a single lease.
Investment highlights:
- 7.1% going-in / 8.1% stabilized cap rate at $11,950,000, or $248 per gross SF, below replacement cost
- Two blocks from the $245M U.S. Federal Courthouse (phased opening from early 2027)
- 42 turnkey executive suites, 33 leased and 9 vacant, purpose-built for Broward's ~3,000 SF average office tenant
- 53 covered spaces on two dedicated structured parking levels
- Full 2020 renovation with minimal near-term capital requirements
- Direct South Federal Highway frontage with access to Downtown, Las Olas, Brightline, I-95, Port Everglades, and FLL Airport
955 S. Federal Highway combines current income, identifiable near-term value creation, and long-term appreciation driven by one of Fort Lauderdale's most significant public investments in decades. Full offering memorandum, rent roll, and financials available upon execution of a confidentiality agreement.