Farbod Ghaemi Tehrani Purchases Retail Property In Fort Lauderdale For $3.515M With Marcus & Millichap
SOLD
$3,515,000
Florida
See Similar DealsRetail5,864 SF
Sold 11/25/2025
SOLD
Farbod Ghaemi Tehrani Purchases Retail Property In Fort Lauderdale For $3.515M With Marcus & Millichap
6260 South Powerline Road
See Similar DealsRetail5,864 SF
Sold 11/25/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$599
Total Square Footage:5,864 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 6260 South Powerline Road in Fort Lauderdale. The sale was completed for a total price of $3,515,000, encompassing 5,864 square feet of space, which equates to a price per square foot of approximately $599.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,515,000
- Address: 6260 South Powerline Road
- Market: Fort Lauderdale
- Square Footage: 5,864
- Price per Square Foot: $599
- Buyer: Farbod Ghaemi Tehrani
- Seller: Joshua Anderson
- Buyer's Representatives: Gabriel Britti, Ronnie Issenberg & Ricardo Esteves - Marcus & Millichap
The key individuals involved in this transaction include buyer Farbod Ghaemi Tehrani and seller Joshua Anderson. The buyer was represented by broker team Gabriel Britti, Ronnie Issenberg, and Ricardo Esteves from Marcus & Millichap, showcasing a collaboration of expertise in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$187,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,488.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,662.89
Annual Debt Service$199,954.72
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