Courthouse Tower — Sale in Fort Lauderdale, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Fort Lauderdale, FL 33301

Description

Marcus & Millichap is pleased to present Courthouse Tower, a ±37,000 square foot office building located in Downtown Fort Lauderdale. The property presents a clear value-add opportunity, currently operating at approximately 35–40% occupancy, allowing an investor to drive significant upside through lease-up and repositioning. The asset is ideally situated along Andrews Avenue within Fort Lauderdale’s courthouse district and benefits from proximity to both the Broward County Courthouse and a federal courthouse currently under construction with expected delivery in 2026. This location consistently attracts legal and professional tenants and remains one of the most demand-driven pockets of the downtown office market. With meaningful vacancy and below-market in-place rents, the property offers a straightforward path to increasing cash flow through leasing activity and mark-to-market rent growth. Upon stabilization, the asset is projected to generate NOI in the mid-$600K range, representing a substantial increase from current performance. Investment Highlights: • CLEAR VALUE-ADD OPPORTUNITY: Low in-place occupancy (~35–40%) provides immediate upside through lease-up. • PREMIER DOWNTOWN LOCATION: Located in the courthouse district of Downtown Fort Lauderdale, one of the most active and tenant-driven office submarkets. • COURTHOUSE-DRIVEN DEMAND: Direct proximity to the Broward County Courthouse and a federal courthouse under construction (expected 2026) supports long-term tenant demand. • MARK-TO-MARKET RENT POTENTIAL: Existing rents are below market, allowing for revenue growth as leases roll and new tenants are signed. • PARKING ADVANTAGE: Dedicated parking plus nearby structured parking, a key differentiator for downtown office assets.

Market Context

This office in Fort Lauderdale, FL is listed for sale. It has been on the market for 99 days. Compare it against other office listings for sale in Fort Lauderdale, FL — view the full market.

Estimated Market Rate

$544.59/SF – $736.79/SF

Mid: $640.69/SF

Rate estimator only; cost-of-business estimate unavailable.

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