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

Property Image
SOLD
$3,350,000
Kaley Tuning
Jaime Sturgis
Dan Ross

Florida

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Retail6,908 SF
Sold 04/19/2025
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Property Image
SOLD

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

911 Northeast 4th Avenue

See Similar Deals
Retail6,908 SF
Sold 04/19/2025
Kaley Tuning
Jaime Sturgis
Dan Ross
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$484
Total Square Footage:6,908 SF
Transaction Type:Sale

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
Jaime Sturgis
47 deals$234.1M volume
BROKER
Dan Ross
Native Realty
Dan Ross
9 deals$45.5M volume
BROKER
Kaley Tuning
Native Realty
Kaley Tuning
9 deals$18.2M volume
BROKER

Details

SOLD
IMAGE: Jaime Sturgis, Dan Ross & Kaley Tuning DATE: 04/19/2025 ADDRESS: 911 Northeast 4th Avenue MARKET: Fort Lauderdale ASSET TYPE: Retail BUYER: Ricardo & Dayva Jimenez SELLER: Mike Rechter SELLER'S REP: Dan Ross (@OnlyDanRoss), Kaley Tuning (@KaleyTuning) & Jaime Sturgis (@JaimeSturgis) - Native Realty (@NativeRealty) SALE PRICE: $3,350,000 SF: 6,908 ~ PPSF: $484

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$178,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51