23,784 SF Loft/Creative Space For Sale — $11,950,000 — 955 S Federal Hwy, Fort Lauderdale

Executive Summary Chaberman Advisory is pleased to exclusively offer for sale 955 S. Federal Highway, a fully renovated multi-tenant office asset located along South Federal Highway at the southern edge of Downtown Fort Lauderdale. The property is offered at $11,950,000, representing a 7.1% going-in cap rate on in-place income with a defined path to an 8.1% stabilized yield through lease-up of existing vacancy. The four-story, 48,106 SF building contains 23,784 rentable SF of office space across floors 3 and 4, with two dedicated levels of structured parking providing 53 covered spaces. The property underwent a complete gut renovation in 2020, including new building systems, common areas, and professional finishes, significantly reducing near-term capital requirements. The third floor is configured as turnkey executive suites, with 33 of 42 suites currently occupied and nine vacant. The fourth floor is a flexible coworking environment master-leased through December 2027. The nine vacant suites are fully built out and represent approximately $144,000 of additional annual revenue at current asking rents, with no additional capital required to deliver the spaces. A major demand catalyst sits just few blocks from the property: the new $245 million U.S. Federal Courthouse, an approximately 255,000 SF, 10-story facility with 12 courtrooms and 17 judges’ chambers, scheduled to open in phases beginning in early 2027. The courthouse is expected to generate additional demand from law firms, litigation support services, title companies, mediators, and other professional users seeking proximity to the federal judicial complex. A meaningful portion of the property's rent roll is positioned to reprice around the courthouse opening, creating additional mark-to-market potential beyond the initial lease-up opportunity. Investment Highlights: $11.95M asking price 7.1% going-in cap 8.1% stabilized cap $852,540 in-place NOI $966,540 stabilized NOI 48,106 SF building 23,784 rentable SF 33 of 42 executive suites occupied 9 turnkey suites available for lease-up $144,000 of potential additional annual revenue from existing vacancy 53 covered parking spaces across two structured parking levels Complete gut renovation in 2020 Few blocks from the new $245M U.S. Federal Courthouse Direct US-1 frontage near Downtown Fort Lauderdale, Las Olas, Brightline, I-95, Port Everglades, and FLL Airport 955 S. Federal Highway offers investors immediate cash flow, a straightforward lease-up oppor

A fully renovated four-story office building on a roughly 0.36-acre site fronting US-1 at the south edge of downtown Fort Lauderdale, two blocks from the new federal courthouse. The building was taken down to the slab in a complete renovation in 2020 with all-new building systems and common areas. Two garage levels sit below the office floors, and the 23,784 rentable SF on floors 3 and 4 is laid out as executive suites plus a hybrid coworking floor.

Allowed by right

Automotive: Automotive Parts & Supplies Store (installation in wholly enclosed buildings), Automotive: Automotive Service Station (only when abutting Federal Highway and Andrews Ave), Boats, Watercraft and Marinas: Marine Parts and Supplies Store, Commercial Recreation: Indoor Motion Picture Theater, Commercial Recreation: Performing Arts Theater (less than 300 seats), Food and Beverage Sales and Service: Bakery Store, Food and Beverage Sales and Service: Bar, Cocktail Lounge, Nightclub, Food and Beverage Sales and Service: Cafeteria, Food and Beverage Sales and Service: Candy, Nuts Store, Food and Beverage Sales and Service: Delicatessen, Food and Beverage Sales and Service: Food and Beverage, Drive-Thru and Carryout, Food and Beverage Sales and Service: Fruit and Produce Store, Food and Beverage Sales and Service: Grocery/Food Store, Food and Beverage Sales and Service: Ice Cream/Yogurt Store, Food and Beverage Sales and Service: Liquor Store, Food and Beverage Sales and Service: Meat and Poultry Store, Food and Beverage Sales and Service: Restaurant, Food and Beverage Sales and Service: Seafood Store, Food and Beverage Sales and Service: Supermarket, Lodging: Bed and Breakfast Dwelling, Lodging: Hotel, Manufacturing: Apparel, Textile, Canvas and related uses (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Manufacturing: Contractor's yards (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Manufacturing: Industrial Machinery and Equipment (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Manufacturing: Processing and assembly of previously prepared materials (permitted only when contiguous to or separated by no more than a 60-foot public right-of-way from a railroad right-of-way), Public Purpose Facilities: Active and Passive Park, Public Purpose Facilities: Civic and Private Club Facility, Public Purpose Facilities: Government Facility, Public Purpose Facilities: House of Worship, Public Purpose Facilities: Library, Public Purpose Facilities: Museum and Art Gallery, Public Purpose Facilities: Police and Fire Substation, Public Purpose Facilities: Post Office Branch/Substation, Public Purpose Facilities: Public/Private Recreation, Public Purpose Facilities: School, including trade/business school, Residential Uses: Single Family Dwelling, Standard, Residential Uses: Cluster Dwellings, Residential Uses: Coach Homes, Residential Uses: Multi-family Dwelling, Residential Uses: Rowhouse, Residential Uses: Townhouse, Residential Uses: Two-Family/Duplex Dwellings, Residential Uses: Zero Lot Line Dwelling, Retail Sales: Antiques Store, Retail Sales: Apparel/Clothing, Accessories Store, Retail Sales: Art Galleries, Art Studio, Dealer, Retail Sales: Arts & Crafts Supplies Store, Retail Sales: Bait and Tackle Store, Retail Sales: Bicycle Shop, Retail Sales: Book Store, Retail Sales: Camera, Photographic Supplies Store, Retail Sales: Card & Stationery Store, Retail Sales: Cigar, Tobacco Store, Retail Sales: Computer/Software Store, Retail Sales: Consignment, Thrift Store, Retail Sales: Cosmetics, Sundries Store, Retail Sales: Department Store, Retail Sales: Fabric, Needlework, Yarn Shop, Retail Sales: Flooring Store, Retail Sales: Florist Shop, Retail Sales: Furniture Store, Retail Sales: Gifts, Novelties, Souvenirs Store, Retail Sales: Glassware, China, Pottery Store, Retail Sales: Hardware Store, Retail Sales: Hobby Items, Toys, Games Store, Retail Sales: Holiday Merchandise, Outdoor Sales, Retail Sales: Household Appliances Store, Retail Sales: Jewelry Store, Retail Sales: Lawn and Garden Center, Outdoor Display, Retail Sales: Linen, Bath, Bedding Store, Retail Sales: Luggage, Handbags, Leather Goods Store, Retail Sales: Medical Supplies Store, Retail Sales: Music, Musical Instruments Store, Retail Sales: Newspapers, Magazines Store, Retail Sales: Office Supplies, Equipment Store, Retail Sales: Optical Store, Retail Sales: Paint, Wallpaper Store, Retail Sales: Party Supply Store, Retail Sales: Pet Store, Retail Sales: Pharmacy, Retail Sales: Security Systems, Retail Sales: Shoe Store, Retail Sales: Shopping Center, Retail Sales: Sporting Goods Store, Retail Sales: Tapes, Videos, Music CD's Store, Services/Office Facilities: Check Cashing Store, Services/Office Facilities: Child Day Care Facilities, Large, Services/Office Facilities: Copy Center, Services/Office Facilities: Dry Cleaner, Services/Office Facilities: Film Processing Store, Services/Office Facilities: Financial Institution, including Drive-Thru Banks, Services/Office Facilities: Formal Wear, Rental, Services/Office Facilities: Hair Salon, Services/Office Facilities: Health and Fitness Center, Services/Office Facilities: Instruction: Fine Arts, Sports and Recreation, Dance, Music, Theater, Services/Office Facilities: Interior Decorator, Services/Office Facilities: Laundromat, Services/Office Facilities: Mail, Postage, Fax Service, Services/Office Facilities: Massage Therapist, Services/Office Facilities: Medical/Dental Office/Clinic, Services/Office Facilities: Nail Salon, Services/Office Facilities: Parking Facility, Services/Office Facilities: Personnel Services, including Labor Pools, Services/Office Facilities: Photographic Studio, Services/Office Facilities: Professional Office, Services/Office Facilities: Security Systems, Services/Office Facilities: Senior Citizen Center, Services/Office Facilities: Shoe Repair, Shoe Shine, Services/Office Facilities: Tailor, Dressmaking Store, Direct to the Customer, Services/Office Facilities: Tanning Salon, Services/Office Facilities: Tattoo Artist, Services/Office Facilities: Travel Agency, Services/Office Facilities: Veterinary Clinic, Services/Office Facilities: Watch and Jewelry Repair

With special approval

Boats, Watercraft and Marinas: Marina, Public Purpose Facilities: Addiction Treatment Center, Public Purpose Facilities: Food Distribution Center, Public Purpose Facilities: Social Service Facility - General, Public Purpose Facilities: Social Service Residential Facility