Office for Sale in Hollywood, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Hollywood, FL 33024
  • Year built: 2009

Description

Marcus and Millichap is proud to present Parc Sixty-Four, a fully occupied office asset located at 4100 Davie Road Extension in Davie, Florida. This exceptional property offers 22,708 rentable square feet across three buildings built in 2010. The asset is 100% leased to a single, long-term tenant, Recovery First Inc., providing a stable investment with minimal management oversight. The property generates a current Net Operating Income of $485,983, offered at a 6.5% capitalization rate, with stability secured by a recent two-year lease extension and 4% annual rent increases. Positioned on Davie Road Extension, the property offers excellent visibility and access to the Florida Turnpike. The asset’s unique zoning for medical and overnight use provides a significant competitive advantage, making it a valuable and defensible asset for retaining specialized tenants. Investment Highlights: • 100% occupied by Recovery First; 15-year tenant; renewed two years. • Zoning permits overnight stays and medical uses; strong competitive advantage. • Built 2010; well maintained campus; ample parking; minimal CapEx. • Davie Road Extension frontage; 15,000+ VPD; Turnpike and airport access. • Single-tenant asset with long occupancy history; low management burden. • Davie/Hollywood submarket shows steady office/medical demand; supports stability.

Market Context

This office in Hollywood, FL is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2009. It has been on the market for 52 days. Compare it against other office listings for sale in Hollywood, FL — <a href="/search/sale/office/florida/hollywood">view the full market</a>.

As of Q2 2025, the Fort Lauderdale office market showed a 8.5% vacancy rate, average asking rents near $27.48/SF/yr, and rents up 15.6% year over year. Source: Www.lee-Associates.com Q2 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Fort Lauderdale office market tightening or softening?
Vacancy is around 8.5%, with asking rents rising year over year (Q2 2025).

Unified Estimate

Medium Confidence

$374.78/SF – $507.06/SF

Mid: $440.92/SF

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

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