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3696 North Federal Highway

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

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

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.

Players

Miguel Alcivar

Cushman & Wakefield

Broker

$965.1M

vol

39 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93