Paradigm Acquisitions Acquires Fort Lauderdale Office Building For $6.65M

The property involved in this transaction is an office located at 1776 East Sunrise Boulevard in Fort Lauderdale. The sale took place on 13th July 2023. The asset spans a total of 21,062 square feet and was sold at a price of $6,650,000, which translates to approximately $316 per square foot. The buyer in this transaction is Paradigm Acquisitions, while the seller is North American Development Group. Tarlan Mamedov represented the buyer as their broker.

Summary of transation details

• Property Type: Office
• Transaction Amount: $6,650,000
• Address: 1776 East Sunrise Boulevard
• Market: Fort Lauderdale

The buyer, Paradigm Acquisitions, is actively seeking tenants for the property. They are specifically looking for shared office space operators to occupy up to 9,200 square feet and urgent care or emergency room operators for up to 5,400 square feet. It is worth noting that the building will undergo extensive exterior renovations. Some notable features of the property include an elevator, two private staircases, ample natural light, separate entrances, and 50 parking spaces. The location of the office is also advantageous, with the Fort Lauderdale Beach just an 8-minute drive away and Las Olas Blvd reachable in 6 minutes.

For more information and private showings, interested parties can reach out to Tarlan Mamedov, the buyer's representative, via direct message on Instagram at @yoursouthfloridaadvisor.