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2621 North Federal Highway

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

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

2621 North Federal Highway

$1,300,000

$253/SF

Building Size

5,131 SF

Asset Type

Retail

Closing

Oct 7, 2025

AI

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

Bill Rotella

The Rotella Group, Inc.

Broker

$23.9M

vol

6 deals

Broker

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93