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:
- Property Type: Retail
- Transaction Amount: $3,350,000
- Buyer: Ricardo & Dayva Jimenez
- Seller: Mike Rechter
- Seller's Representative: Dan Ross, Kaley Tuning & Jaime Sturgis - Native Realty
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
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