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Cushman & Wakefield Represents Sale Of Office Asset At 3696 North Federal Highway For $7M

Property Image
SOLD
$7,000,000
Michael (Mike) Ciadella
Miguel Alcivar
+ 1

Florida

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Office32,445 SF
Sold 06/02/2026
the dealplayerscompscontact
Property Image
SOLD

Cushman & Wakefield Represents Sale Of Office Asset At 3696 North Federal Highway For $7M

3696 North Federal Highway

See Similar Deals
Office32,445 SF
Sold 06/02/2026
Michael (Mike) Ciadella
Miguel Alcivar
+ 1
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$215
Total Square Footage:32,445 SF
Transaction Type:Sale

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.

Players

Miguel Alcivar
39 deals$965.1M volume(305) 533-2871
BROKER

Scott O'Donnell
Cushman & Wakefield
32 deals$581M volume
BROKER

Michael (Mike) Ciadella
Cushman & Wakefield
34 deals$590M volume
BROKER

Gregory (Greg) Miller
Cushman & Wakefield
37 deals$852.1M volume(954) 377-0472
BROKER

Details

SOLD
IMAGE: Gregory Miller, Michael Ciadella, Scott O'Donnell & Miguel Alcivar DATE: 06/02/2026 ADDRESS: 3696 North Federal Highway MARKET: Fort Lauderdale ASSET TYPE: Office SELLER'S REP: Scott O'Donnell, Michael Ciadella, Gregory Miller & Miguel Alcivar - Cushman & Wakefield (@CushWake) SALE PRICE: $7,000,000 SF: 32,445 ~ PPSF: $215

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

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85