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:
- Property Type: Retail
- Transaction Amount: $2,660,000
- Address: 702-706 Northeast 1st Avenue
- Market: Fort Lauderdale
- Square Footage: 8,864
- Price per Square Foot: $300
- Buyer: Bill Sahni
- Seller: Ira Strachman
- Seller's Representative: Dylan Morse - Franklin Street
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
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Dylan Morse to view all their deals.
Browse Fort Lauderdale retail sales on Traded.
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