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600 S Andrews Ave
Fort Lauderdale, FL 33301
Courthouse Tower · Bureau Propriété À vendre
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Faits saillants de l'investissement
- 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.
Résumé de l'annonce
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.
Faits sur la propriété
Type de vente
Investissement
Condition de vente
Propriété à inoccupation élevée
Type de propriété
Bureau
Taille du bâtiment
37 356 pi²
Classe d’immeuble
B
Année de construction
1987
Pourcentage loué
37%
Location
Multiples
Hauteur du bâtiment
7 étages
Superficie de plancher typique
5 337 pi²
Coefficient d’occupation des sols de l’immeuble
2,14
Taille du lot
0,40 AC
Zonage
RAC-CC
Stationnement
113 places (3,02 places par 1 000 pi² loué)
Commodités
- Accès 24 heures
- Ligne d'autobus
- Affichage
- Climatisation
Impôts fonciers
| Numéro de lot | 50-42-10-01-5660 | Évaluation des bâtiments | 4 396 429 $ CAD |
| Évaluation du terrain | 4 261 093 $ CAD | Évaluation totale | 8 657 522 $ CAD |
Impôts fonciers
Numéro de lot
50-42-10-01-5660
Évaluation du terrain
4 261 093 $ CAD
Évaluation des bâtiments
4 396 429 $ CAD
Évaluation totale
8 657 522 $ CAD
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