Florida East Coast Industries Sells Land In Fort Lauderdale For $37.2M To NW Flagler Ave Development LLC & Andrews Ave Development LLC

The land located at 111 NW Second Street & 130 NW 1st Avenue in Fort Lauderdale has been sold for a total price of $37,200,000. The transaction took place on July 26, 2021, and involved a total of 3.5 acres of land. The sale was facilitated by the buyer's representative, Shelby Smith from Berger Commercial Realty and Citrus State Properties Management, and the seller's representatives, Robert Given, Brad Capas, Troy Ballard, and Zachary Sackley from Cushman & Wakefield.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $37,200,000
• Address: 111 NW Second Street & 130 NW 1st Avenue, Fort Lauderdale
• Market: Fort Lauderdale
• Buyer: NW Flagler Ave Development LLC & Andrews Ave Development LLC
• Seller: Florida East Coast Industries
• Buyer's Representative: Shelby Smith - Berger Commercial Realty; Citrus State Properties Management
• Seller's Representatives: Robert Given, Brad Capas, Troy Ballard, and Zachary Sackley - Cushman & Wakefield
• Acres: 3.5
• Price Per Acre (PPA): $10,628,571

The sale of this land presents a significant transaction in Fort Lauderdale involving NW Flagler Ave Development LLC & Andrews Ave Development LLC as the buyers and Florida East Coast Industries as the seller. With a total price of $37,200,000 and a land area of 3.5 acres, this deal showcases the thriving real estate market in Fort Lauderdale. The involvement of Shelby Smith from Berger Commercial Realty and Citrus State Properties Management as the buyer's representative, along with Robert Given, Brad Capas, Troy Ballard, and Zachary Sackley from Cushman & Wakefield as the seller's representatives, highlights the expertise and professionalism of these brokerage firms in facilitating successful transactions.