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Kenneth Fisher Purchases Retail Property From JM Properties For $4 Million In Fort Lauderdale

Property Image
SOLD
$4,000,000
BR
Michael Rotella

Florida

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Retail4,670 SF
Sold 10/13/2025
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Property Image
SOLD

Kenneth Fisher Purchases Retail Property From JM Properties For $4 Million In Fort Lauderdale

3359 North Federal Highway

See Similar Deals
Retail4,670 SF
Sold 10/13/2025
BR
Michael Rotella
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$856
Total Square Footage:4,670 SF
Transaction Type:Sale

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.

Players

BR
Bill Rotella
4 deals$11.7M volume
BROKER
Michael Rotella
Michael Rotella
2 deals$5.3M volume
BROKER

Details

SOLD
IMAGE: Bill Rotella & Michael Rotella DATE: 10/13/2025 ADDRESS: 3359 North Federal Highway MARKET: Fort Lauderdale ASSET TYPE: Retail ~ ACRES: 0.99 BUYER: Kenneth Fisher SELLER: JM Properties BROKERS: Bill Rotella (@RotellaWilliam) & Michael Rotella - The Rotella Group SALE PRICE: $4,000,000 SF: 4,670 ~ PPSF: $857 NOTE: Kenneth Fisher purchased a 4,670-square-foot freestanding restaurant with a drive-thru at 3359 N. Federal Hwy in Fort Lauderdale for $4 million ($856.53 PSF) from JM Properties. Bill and Michael Rotella of The Rotella Group brokered the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49