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3300 Northeast 34th Street

Kelley Greenstein And Benjamin Silver Of CBRE Facilitate Retail Sale In Fort Lauderdale For $5.25M
SOLDRetail

Kelley Greenstein And Benjamin Silver Of CBRE Facilitate Retail Sale In Fort Lauderdale For $5.25M

3300 Northeast 34th Street

$5,250,000

$191/SF

Building Size

27,440 SF

Asset Type

Retail

Closing

Feb 14, 2025

AI

The property asset involved in this transaction is a retail asset located at 3300 Northeast 34th Street, Fort Lauderdale. The sale price of the property is $5,250,000, with a total square footage of 27,440, resulting in a price per square foot of $191.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $5,250,000
  • Address: 3300 Northeast 34th Street
  • Market: Fort Lauderdale
  • Square Footage: 27,440
  • Price Per Square Foot: $191
  • Seller: Richard Salter
  • Brokers: Benjamin Silver & Kelley Greenstein - CBRE

Key individuals involved in this deal include the seller, Richard Salter, and the brokers Benjamin Silver and Kelley Greenstein, representing CBRE in the transaction. Their collaboration facilitated the successful closure of this retail property deal.

Players

Benjamin Silver

CBRE

Broker

$255.5M

vol

36 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

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93