facebook
Traded Co logo
Submit

Andrew Smith Acquires Retail Property In Fort Lauderdale For $3.15M

Property Image
SOLD
$3,150,000

Florida

See Similar Deals
Retail3,566 SF
Sold 04/03/2024
the dealplayerscompscontact
Property Image
SOLD

Andrew Smith Acquires Retail Property In Fort Lauderdale For $3.15M

3950 North Federal Highway

See Similar Deals
Retail3,566 SF
Sold 04/03/2024
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$883
Total Square Footage:3,566 SF
Transaction Type:Sale

The property at 3950 North Federal Highway in Fort Lauderdale was sold in a recent transaction. The retail asset spans 3,566 square feet and was sold for $3,150,000, equating to a price per square foot of $883.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,150,000
  • Buyer: Andrew Smith - MedAmerica Employees, Inc.
  • Seller: Daniel Alcabo - Neiman & Interian
  • Broker: Frank Navarro - Douglas Elliman

In this deal, Andrew Smith from MedAmerica Employees, Inc. acquired the property from Daniel Alcabo of Neiman & Interian, with representation from broker Frank Navarro of Douglas Elliman.

Players

Frank H Navarro
9 deals$25.4M volume(305) 343-4315
BROKER

Details

SOLD
IMAGE: Frank Navarro DATE: 04/03/2024 ADDRESS: 3950 North Federal Highway MARKET: Fort Lauderdale ASSET TYPE: Retail BUYER: Andrew Smith - MedAmerica Employees, Inc. SELLER: Daniel Alcabo - Neiman & Interian BROKER: Frank Navarro (@FrankhNavarro) - Douglas Elliman (@DouglasElliman) SALE PRICE: $3,150,000 SF: 3,566 ~ PPSF: $883

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$168,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28