Magnolia 720
Office | 2.60% CAP | 1,519 SqFt
Marketing description
Investment highlights
Covered Land Play in High-Growth Corridor
The asset offers immediate in-place income while positioning an investor for future land-driven redevelopment in a strong Fort Lauderdale submarket.
Income During Hold Period
Approximately ~80% occupancy provides ongoing cash flow, allowing an investor to offset holding costs while evaluating long-term redevelopment strategies.
Lease-Up Upside Enhancing Yield
One available suite presents an opportunity to increase Net Operating Income, improving returns before any future repositioning or redevelopment.
Strategic Urban Location Near Las Olas / Downtown
Positioned within a high-demand area experiencing continued growth, the underlying land is increasingly valuable over time.
Flexible RAC-UV Zoning (Redevelopment Potential)
Zoning allows for a variety of commercial uses, increasing optionality for:
- Repositioning
- Expansion
- Future redevelopment
Low Immediate Capital Risk
Recent improvements (roof and HVAC – 2024) reduce near-term capital expenditures, allowing for a more predictable hold period.
Small-Bay Asset with Scarcity Value
Limited supply of similar properties in the area supports both tenant demand and long-term land appreciation.
Owner-User or Developer Exit Optionality
Investors may:
- Stabilize and sell
- Occupy part of the building
- Redevelop the site as land values increase
Listing Contacts
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