Cushman & Wakefield Represents Sale Of Office Asset At 3696 North Federal Highway For $7M
3696 North Federal Highway
$7,000,000
$215/SF
Building Size
32,445 SF
Asset Type
Office
Closing
Jun 1, 2026
About this deal
AI
The property asset involved in this transaction is an office located at 3696 North Federal Highway in Fort Lauderdale. The sale price of the property was $7,000,000, with a total square footage of 32,445, which equates to a price per square foot of $215.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $7,000,000
- Address: 3696 North Federal Highway
- Market: Fort Lauderdale
- Square Footage: 32,445
- Price per Square Foot: $215
- Seller's Representatives: Scott O'Donnell, Michael Ciadella, Gregory Miller & Miguel Alcivar - Cushman & Wakefield
The deal saw the involvement of four representatives from Cushman & Wakefield, who managed the transaction on behalf of the seller, demonstrating a collaborative effort in facilitating the sale of this office asset.
On the Map
$7,000,000
$215/SF
Office
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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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93