The Morgan Companies Acquires 7,556 Square Foot Retail Property In Fort Lauderdale For $5.4M

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.