Martin Hariton & Paul Hariton Sell Retail Property At 308 North Federal Highway For $3,500,000

The property involved in this transaction is a retail asset located at 308 North Federal Highway in Hallandale Beach. The sale occurred at a price of $3,500,000, with a total square footage of 6,800, resulting in a price per square foot of $514.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,500,000
• Address: 308 North Federal Highway
• Market: Hallandale Beach
• Seller: Martin Hariton & Paul Hariton
• Seller's Representative: Daniel Chaberman - Chaberman Advisory
• Square Footage: 6,800
• Price Per Square Foot: $514

Daniel Chaberman represented the sellers in the transaction and noted his involvement in all stages of the property's lifecycle, from sourcing and securing a national tenant to the ultimate sale. He reported that the asset was brought to market and sold within three months, despite challenges including a cancelled contract during the process.