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702 NE 1st Ave
SOLD

Judith Strachman Rev. Living Trust Acquires Retail Property In Fort Lauderdale For $4.25M

702 NE 1st Ave

Retail
8,864 SF
clock iconSold 239 days ago
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Summary

Sale
FLORIDA
Retail
8,864 sqft

The retail property located at 702 NE 1st Ave in Fort Lauderdale, FL, was sold for $4,250,000. The asset spans 8,864 square feet and was purchased by Judith Strachman Rev. Living Trust. The property is currently home to Chops & Hops Axe Throwing Lodge, Ft. Liquordale Entertainment, and Crossed Keys Society. The buyer acquired the property from Barkan Investments in a transaction closed on September 12.

Summary of transaction details:

Ron Osborne, serving as the Managing Director/Broker of SperryCGA | RJ Realty, represented The Strachman Family in this transaction. The buyer, Judith Strachman Rev. Living Trust, was attracted to the property's location in Flagler Village in Fort Lauderdale. The property's current rents are perceived to be below market rates, indicating potential for increased value over time. The trust opted for this property due to the presence of two tenants on the main floor and Crossed Keys Society on the second floor, providing a promising investment opportunity.

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  • Agents

    1

  • Agencies

    1

Ron Osborne's profile picture
Ron Osborne
Sperry Commercial Global Affiliates I RJ Realty-image
Managing Director
$53.3M Sold

Details

Deal Summary
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SOLD
IMAGE: 702 NE 1st Ave, Fort Lauderdale, FL... MARKET: Fort Lauderdale ASSET TYPE: Retail BUYER'S REP: Ron Osborne(Sperry Commercial Global Affiliates I RJ Realty) BUYER: Judith Strachman Rev. Living Trust PRICE: $4,250,000.00.00 SF: 8864

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Address702 NE 1st Ave

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