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3950 North Federal Highway

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

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

3950 North Federal Highway

$3,150,000

$883/SF

Building Size

3,566 SF

Asset Type

Retail

Closing

Apr 3, 2024

AI

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

Douglas Elliman

Broker

$25.4M

vol

9 deals

Broker

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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93