Kenneth Fisher Purchases Retail Property From JM Properties For $4 Million In Fort Lauderdale
3359 North Federal Highway
$4,000,000
$856/SF
Building Size
4,670 SF
Asset Type
Retail
Closing
Oct 13, 2025
About this deal
AI
Kenneth Fisher purchased a freestanding restaurant with a drive-thru located at 3359 North Federal Highway in Fort Lauderdale. The asset covers an area of 4,670 square feet and was acquired for a total price of $4 million, equating to approximately $856.53 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 3359 North Federal Highway
- Market: Fort Lauderdale
- Acres: 0.99
- Square Feet: 4,670
- Price Per Square Foot: $857
- Buyer: Kenneth Fisher
- Seller: JM Properties
- Brokers: Bill Rotella & Michael Rotella - The Rotella Group
Bill and Michael Rotella from The Rotella Group facilitated the transaction, acting as brokers for the sale between Kenneth Fisher and JM Properties. Their involvement was instrumental in the successful completion of this retail property transaction.
On the Map
$4,000,000
$856/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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93