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
About this deal
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.
On the Map
$3,350,000
$484/SF
Retail
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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