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3536 North Federal Highway

NRNS Acquisition 3536 Federal LLC Purchases Office Property In Fort Lauderdale For $3.625M
SOLDOffice

NRNS Acquisition 3536 Federal LLC Purchases Office Property In Fort Lauderdale For $3.625M

3536 North Federal Highway

$3,625,000

$287/SF

Building Size

12,604 SF

Asset Type

Office

Closing

Jul 21, 2025

AI

A 12,604 square foot office property located at 3536 North Federal Highway in Fort Lauderdale was sold for $3,625,000. The asset spans across 1.01 acres, reflecting a price per square foot of $288.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,625,000
  • Address: 3536 North Federal Highway
  • Market: Fort Lauderdale
  • Acres: 1.01
  • Buyer: NRNS Acquisition 3536 Federal, LLC
  • Seller: 3536 North Federal LLC
  • Brokers: Clinton Casey & Bill Rotella - The Rotella Group
  • SF: 12,604
  • PPSF: $288

NRNS Acquisition 3536 Federal LLC, associated with Howard S. Dvorkin, completed the acquisition of the property, while the seller, linked to Richard Meli, was represented by Clinton Casey and Bill Rotella of The Rotella Group.

Players

Clinton Casey

Broker

$6.3M

vol

3 deals

Broker

Fort Lauderdale Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.38%

Cash-on-Cash

-1.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93