Jewish Culture High School Acquires Mixed-Use Building From Link Real Estate For $19M In Fort Lauderdale
105 North Federal Highway
$19,000,000
$525/SF
Building Size
36,193 SF
Asset Type
Mixed-use
Closing
Oct 25, 2024
AI
This transaction involves the sale of a mixed-use asset located at 105 North Federal Highway in Fort Lauderdale. The property spans 0.3 acres and encompasses 36,193 square feet, with a sale price of $19,000,000, equating to $525 per square foot. The buyer acquired the property for the Jewish Culture High School.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $19,000,000
- Address: 105 North Federal Highway
- Market: Fort Lauderdale
- Asset Size: 36,193 SF
- Price Per Square Foot: $525
- Buyer: Rabbi Aharon Assaraf - Jewish Culture High School
- Seller: Dan Arev - Link Real Estate
- Lender: FirstBank of Florida
Link Real Estate has concluded this sale, marking its exit from the Fort Lauderdale commercial market while still maintaining ownership of three properties in Miami’s Wynwood neighborhood.
Players
Fort Lauderdale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93