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5130 North Federal Highway

Aaron Greenfield Purchases Retail Asset From Andre Arais In Fort Lauderdale For $2.8M
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Aaron Greenfield Purchases Retail Asset From Andre Arais In Fort Lauderdale For $2.8M

5130 North Federal Highway

$2,800,000

$241/SF

Building Size

11,609 SF

Asset Type

Retail

Closing

Dec 31, 2024

AI

The property asset involved in this transaction is a retail establishment located at 5130 North Federal Highway in the Fort Lauderdale market. The sale price of the property is $2,800,000, with a total square footage of 11,609, resulting in a price per square foot of $241.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,800,000
  • Address: 5130 North Federal Highway
  • Market: Fort Lauderdale
  • Square Footage: 11,609
  • Price per Square Foot: $241
  • Buyer: Aaron Greenfield
  • Seller: Andre Arais
  • Broker: Caio Martin - Current Capital Realty

The key individuals involved in the deal include buyer Aaron Greenfield and seller Andre Arais, both of whom participated in this significant retail transaction facilitated by broker Caio Martin from Current Capital Realty, who represented the seller in the sale.

Players

Caio Martin

Current Capital Realty

Broker

$39.7M

vol

10 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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93