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911 Northeast 4th Avenue

Ricardo & Dayva Jimenez Purchase Retail Asset In Fort Lauderdale For $3.35M With Seller's Rep Native Realty
SOLDRetail

Ricardo & Dayva Jimenez Purchase Retail Asset In Fort Lauderdale For $3.35M With Seller's Rep Native Realty

911 Northeast 4th Avenue

$3,350,000

$484/SF

Building Size

6,908 SF

Asset Type

Retail

Closing

Apr 19, 2025

AI

The retail asset located at 911 Northeast 4th Avenue in Fort Lauderdale has been sold for a price of $3,350,000. The property encompasses a total area of 6,908 square feet, reflecting a price per square foot of $484.

Summary of transaction details:

The transaction involved experienced representatives in the industry, with Dan Ross, Kaley Tuning, and Jaime Sturgis facilitating the sale for the seller, Mike Rechter. Their representation indicates a structured negotiation process and support for the seller throughout the transaction.

Players

Jaime Sturgis

Native Realty

Broker

$243M

vol

48 deals

Broker

Fort Lauderdale 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

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93