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
About this deal
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.
On the Map
$5,250,000
$191/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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93