Marcus & Millichap Sells Class B Office Building In Fort Lauderdale For $3.95M

Marcus & Millichap has sold a class B office building in Fort Lauderdale, Florida, for $3.95 million. The property located at 800 East Cypress Creek Road spans 30,000 square feet and sits on 1.2 acres of land. It boasts a 92% occupancy rate, making it a strategic opportunity in the competitive Fort Lauderdale submarket.

Summary of transaction details:

• Property Type: Office
• Sale Price: $3,950,000
• Square Footage: 30,000
• Price per Square Foot: $132
• Address: 800 East Cypress Creek Road
• Market: Fort Lauderdale

Alex Zylberglait and Michael Crocchiola from Marcus & Millichap acted as the brokers for this transaction. Their expertise and negotiations played a crucial role in the successful sale of the office building.

This sale presents a valuable investment opportunity in the Fort Lauderdale office market. With its prime location and high occupancy rate, this class B office building offers a promising asset for the buyer. It exemplifies the strategic approach Marcus & Millichap takes in identifying and closing lucrative real estate deals in the area.