CBRE has facilitated the sale of a 42,442-square-foot office building at 5100 N. Federal Hwy. in Fort Lauderdale to Hall Consolidated Group LLC for $7 million.
Benjamin Silver with CBRE represented the seller, 5100 Realty LLC, in the transaction.
Originally built in 1972, the four-story building received several major capital improvements in 2021, including a new roof, exterior waterproofing, lobby upgrades and several air conditioning units have been replaced.
The property is located just north of the area’s largest medical provider, Holy Cross Hospital, a 557-bed facility. It provides nearby access to Interstates 95, 441 and Florida Turnpike from East Commercial Boulevard.
“We were able to procure an owner-user and secure a premium price for the seller due to the large contiguous availability of square footage and the property’s excellent visibility with branding ability and signage. While the medical user plans to occupy most of the space, the proximity to Holy Cross Health’s Fort Lauderdale campus should provide significant tenancy demand,” said Silver, a senior vice president with CBRE.
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