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

Property Image
SOLD
$3,625,000
BR
Clinton Casey

Florida

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Office12,604 SF
Sold 07/21/2025
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Property Image
SOLD

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

3536 North Federal Highway

See Similar Deals
Office12,604 SF
Sold 07/21/2025
BR
Clinton Casey
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$287
Total Square Footage:12,604 SF
Transaction Type:Sale

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
Clinton Casey
3 deals$6.3M volume
BROKER
BR
Bill Rotella
4 deals$11.7M volume
BROKER

Details

SOLD
IMAGE: Bill Rotella & Clinton Casey DATE: 07/21/2025 ADDRESS: 3536 North Federal Highway MARKET: Fort Lauderdale ASSET TYPE: Office ~ ACRES: 1.01 BUYER: NRNS Acquisition 3536 Federal, LLC SELLER: 3536 North Federal LLC BROKERS: Clinton Casey & Bill Rotella (@RotellaWilliam) - The Rotella Group SALE PRICE: $3,625,000 SF: 12,604 ~ PPSF: $288 NOTE: NRNS Acquisition 3536 Federal LLC, tied to Howard S. Dvorkin, acquired a 12,604-sf office property at 3536 N Federal Hwy in Ft. Lauderdale for $3.625M ($287.61 PSF). The seller, linked to Richard Meli, was represented by Clinton Casey and Bill Rotella of The Rotella Group.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$193,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,878.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,184.35
Annual Debt Service$206,212.19