1995 Professional Building
Office | 3.32% CAP | 18,410 SqFt
Marketing description
CBRE, Inc., as exclusive agent for the Owner, is pleased to present for sale 1995 E Oakland (the “Property” or “Building”), a recently renovated, boutique professional office asset located in Fort Lauderdale, Florida. The building totals 18,410 square feet on a 0.77-acre site and is currently 100% leased. Positioned in one of the nation’s most affluent and sought-after submarkets, the Property benefits from strong local demand and exceptional competitive positioning.
The diversified tenant mix helps mitigate credit risk, while staggered lease expirations provide meaningful upside as suites roll and can be repriced toward current market levels. Additional value can be created through ancillary profit centers, including the expansion of virtual office and related offerings, to further enhance NOI.
Despite its stabilized occupancy, the Offering presents compelling growth potential. Current in-place rents are approximately 30% below prevailing submarket rates, and our underwritten market rents remain conservatively below the competitive set. This allows new ownership to systematically increase rents while preserving the Property’s value-oriented positioning within the market.
Built in 1974 and located at 1995 E Oakland Park Blvd, the property offers prominent frontage on one of Fort Lauderdale’s primary east–west corridors with immediate access to I‑95, Downtown Fort Lauderdale, and the Florida Turnpike. It sits minutes from premier East Fort Lauderdale waterfront neighborhoods—including Coral Ridge, Dolphin Isles, Laudergate Isles, Bayview, Lake Estates, and Bay Colony—where home values range from roughly $1.5M to well over $30M. The submarket’s abundant recreational amenities (top-rated golf courses, marinas, bike trails, and country clubs) and high concentration of affluent residents drive steady demand from executive and professional users.
With significant barriers to new office development in Fort Lauderdale—particularly in East Fort Lauderdale—1995 E Oakland presents a rare chance to acquire a renovated, cash‑flowing boutique office asset in a highly coveted submarket with limited near‑term competition. The property provides immediate income and clear, actionable value‑add pathways at an attractive discount to replacement cost.
Investment highlights
Prominent Visibility: Office building located along one of East Fort Lauderdale's busiest thoroughfares.
Easy Accessibility: Prime spot with quick connections to Downtown Fort Lauderdale and several affluent waterfront communities.
Revenue Growth Opportunity: Potential to increase rents to align with market rates, currently set at under 30% of market levels.
Robust Cash Flow: Steady income from a diverse portfolio of professional tenants.
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