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.
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