2000 N Federal Hwy Highway, Pompano Beach, FL

About 2000 N Federal Hwy Highway

2000 N Federal Hwy is a 10,371 square foot medical office building on one of Pompano's most desired stretches of Federal Highway. This property was constructed in 1979 and renovated from 2017 with new roof, and 2018, and 2019 with impact windows, paint and landscaping. The property zoning, B-3 General Business, allows for a wide array of business to operate. The building is fully leased out, with long standing tenants in place. All tenants are on gross leases and under market rents. The property has recently passed it's 40-year recertifications and is up to date on recent code for the elevator. 45 parking spaces allows the new owner to convert the ground floor to retail, further increasing the NOI. This three-story building has additional signage opportunity on the bell tower, to make this building a Landmark Building. Current NOI on the property is $157,276.71. Implementing a CAM to push expenses to the tenants will add approximately $71,263.73 to the NOI. Average rents for office and Medical office in the area are $22-25/SF, Retail averages $40/SF. , to make this building a Landmark Building. Current NOI on the property is $157,276.71. Implementing a CAM to push expenses to the tenants will add approximately $71,263.73 to the NOI. Average rents for office and Medical office in the area are $22-25/SF, Retail averages $40/SF.

Listing Map