The Morgan Companies Acquires 7,556 Square Foot Retail Property In Fort Lauderdale For $5.4M
6500 North Federal Highway
$5,400,000
$714/SF
Building Size
7,556 SF
Asset Type
Retail
Closing
Jun 18, 2026
About this deal
AI
A retail property located at 6500 North Federal Highway in Fort Lauderdale, FL, was sold for $5,400,000. The asset, occupying a plot of 2 acres, features a single-story building with a total area of 7,556 square feet. The transaction highlights a price per square foot of $715.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,400,000
- Buyer: The Morgan Companies
- Seller: Rubenstein Florida Properties LLC
- Brokers: Bill Rotella & Michael Rotella - The Rotella Group
- Lender: Radar Net Lease
- Loan Amount: $5,497,000
The transaction involved brokers Bill Rotella and Michael Rotella representing the buyer, The Morgan Companies, in acquiring the property from Rubenstein Florida Properties LLC. The financing for the purchase was secured through Radar Net Lease.
On the Map
$5,400,000
$714/SF
Retail
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Players
Bethel Park 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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93