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26305508
26305511

1600 S Federal Hwy, Pompano Beach, FL 33062

NP
FL 3453486
Vera Realty LLC
Listed by Vera Realty LLC
Unpriced
298 days on market
Updated 100 days ago

Vera Tower

Details
APN 49-42-12-00-0070
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Executive Office (+1)
Square Footage 72,000
Net Rentable (SqFt) 68,002
Cap Rate 6.00%
NOI $1,050,000
Occupancy 95%
Broker Co-Op Yes
Year Built 1976
Stories 11
Acreage 2.360

Iconic Tower in Pompano Beach

Marketing description

Unlock an exceptional investment opportunity at Federal Tower, located at 1600 S Federal Highway in Pompano Beach. Available for purchase, this premier 11-story office building is home to a dynamic community of diverse business professionals and is currently undergoing significant renovations to its common areas. These upgrades will feature high-quality finishes, ergonomic furniture, and modern amenities to enhance the workplace experience and attract top-tier tenants.

On-site amenities, including Brightstar Credit Union with drive-thru and ATM services, offer convenience for tenants and their clients. The property currently provides complimentary on-site parking and dedicated property management, ensuring smooth operations and tenant satisfaction. Eye-catching electric signage enhances visibility for tenants, drawing attention from passing traffic. An exciting development is set to occur next door, featuring a 10-story, 132-unit residential building with ground-floor retail. This incredible modern structure will complement Federal Tower, creating an influx of potential clientele and significantly enhancing exposure with the addition of attractive retailers.

Tenants have swift access to essential services within walking distance of the Pompano Place Shopping Center and the Imperial Shopping Plaza. The thriving nearby medical community, including Broward Health Imperial Point and Providence Holy Cross Medical Center, adds to the appeal for a diverse range of businesses.

Commuters appreciate Federal Tower's unbeatable location, with Downtown Fort Lauderdale, Broward County's most prominent office employment hub, only 12 miles away. For businesses requiring smooth travel logistics, Fort Lauderdale/Hollywood International Airport (FLL) is just 25 minutes from the site.

Pompano Beach is a captivating, family-friendly coastal community well-known for its 3 miles of sandy beaches and world-class diving and fishing. The area boasts prominent office tenants like Auto Nation, Charles Schwab, Stiles, Merrill Lynch, and Hotels.com, making it the ideal place for businesses to prosper. Take advantage of securing a stake in this thriving business environment.

Listing Contacts

NP
FL 3453486
Vera Realty LLC
Listed by Vera Realty LLC

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$1,050,000.00
$87,500.00/mo

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Additional Information

Name
Nick Polyushkin
License
3453486
Brokerage
Vera Realty
Title
CEO and Founder
Brokerage Address
1895 Tyler Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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