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105 North Federal Highway

Jewish Culture High School Acquires Mixed-Use Building From Link Real Estate For $19M In Fort Lauderdale
SOLDMixed-use

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

FirstBank of Florida
FirstBank of FloridaLender

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