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
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