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Over Easy Ventures LLC Purchases Retail Building From John R. Katsikas For $1.3 Million

Property Image
SOLD
$1,300,000
BR
Michael Rotella

Florida

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Retail5,131 SF
Sold 10/07/2025
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Property Image
SOLD

Over Easy Ventures LLC Purchases Retail Building From John R. Katsikas For $1.3 Million

2621 North Federal Highway

See Similar Deals
Retail5,131 SF
Sold 10/07/2025
BR
Michael Rotella
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$253
Total Square Footage:5,131 SF
Transaction Type:Sale

A retail building comprising three tenants is located at 2621–2629 North Federal Highway in Fort Lauderdale, covering an area of 5,131 square feet. The asset was sold for $1,300,000, resulting in a price per square foot of $253. The parcel size is 0.11 acres.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,300,000
  • Square Footage: 5,131
  • Price per Square Foot: $253
  • Address: 2621-2629 North Federal Highway
  • Market: Fort Lauderdale
  • Buyer: Over Easy Ventures LLC
  • Seller: John R. Katsikas
  • Brokers: Bill Rotella (RotellaWilliam) & Michael Rotella - The Rotella Group

Bill and Michael Rotella of The Rotella Group acted as the representatives of the seller, John R. Katsikas, in this real estate transaction involving the retail property.

Players

BR
Bill Rotella
4 deals$11.7M volume
BROKER
BR
Bill Rotella
4 deals$11.7M volume
BROKER
Michael Rotella
Michael Rotella
2 deals$5.3M volume
BROKER

Details

SOLD
IMAGE: Bill Rotella & Michael Rotella DATE: 10/07/2025 ADDRESS: 2621-2629 North Federal Highway MARKET: Fort Lauderdale ASSET TYPE: Retail ~ ACRES: 0.11 BUYER: Over Easy Ventures LLC SELLER: John R. Katsikas BROKERS: Bill Rotella (RotellaWilliam) & Michael Rotella - The Rotella Group (@Rotella_Group) SALE PRICE: $1,300,000 SF: 5,131 ~ PPSF: $253 NOTE: Over Easy Ventures LLC bought a 5,131-square-foot, three-tenant retail building at 2621–2629 N. Federal Hwy in Fort Lauderdale for $1.3 million ($253.36 PSF) from John R. Katsikas. Bill and Michael Rotella of The Rotella Group represented the seller in the deal

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

$69,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96