Raanan Katz Purchases Retail Property From Steve Rhodes For $28,556,250 In Fort Lauderdale
2500 West Broward Boulevard
$28,556,250
$181/SF
Building Size
157,459 SF
Asset Type
Retail
Closing
Oct 30, 2026
About this deal
AI
The transaction involved a retail asset located at 2500 West Broward Boulevard in Fort Lauderdale. The sale price was $28,556,250, with the property encompassing 157,459 square feet, resulting in a price per square foot of $181.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $28,556,250
- Address: 2500 West Broward Boulevard
- Market: Fort Lauderdale
- Square Footage: 157,459
- Price Per Square Foot: $181
- Buyer: Raanan Katz
- Seller: Steve Rhodes
- Brokers: Ronnie Issenberg & Gabriel Britti - Surmount
The deal featured prominent individuals, with Raanan Katz representing the buyer’s interests and Steve Rhodes representing the seller. The deal was facilitated by brokers Ronnie Issenberg and Gabriel Britti from Surmount, highlighting their role in bringing the transaction to completion.
On the Map
$28,556,250
$181/SF
Retail
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Players
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93