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3359 North Federal Highway

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

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

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.

Players

Bill Rotella

Broker

$23.9M

vol

6 deals

Broker

Fort Lauderdale Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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