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702 Northeast 1st Avenue

Updated Aug 27, 2026

Bill Sahni Acquires Retail Asset In Fort Lauderdale For $2,660,000 Represented By Dylan Morse
SOLDRetail

Bill Sahni Acquires Retail Asset In Fort Lauderdale For $2,660,000 Represented By Dylan Morse

702 Northeast 1st Avenue

$2,660,000

$300/SF

Building Size

8,864 SF

Asset Type

Retail

Closing

Aug 19, 2026

About this deal

AI

The property involved in this transaction is a retail asset located at 702-706 Northeast 1st Avenue in the Fort Lauderdale market. It was sold for a transaction amount of $2,660,000, covering a total square footage of 8,864, which translates to a price per square foot of $300.

Summary of transaction details:

This transaction highlights the roles of key individuals, with Bill Sahni acting as the buyer and Ira Strachman as the seller. The seller's representation was provided by Dylan Morse from Franklin Street, facilitating the sale process between the parties involved.

Players

Dylan Morse

Franklin Street

Broker

$47.3M

vol

11 deals

Broker

Bill Sahni

Buyer

$2.7M

vol

1 deal

Buyer

Ira Strachman

Seller

$2.7M

vol

1 deal

Seller

Fort Lauderdale Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $300 per square foot on a published $2.7M for 8,864 square feet (2026).

Visit Dylan Morse to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.96%

Cash-on-Cash

-1.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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