MERRIMAC VENTURES Acquires Dev Site In Fort Lauderdale For $14M

A development site located at 317 N. Federal Highway and 515 NE 3rd Street in Fort Lauderdale has been sold for a total price of $14,000,000. The property, spanning approximately 76,230 square feet, was acquired by MERRIMAC VENTURES from the seller, Fox Family. The transaction was facilitated by Adam J. Tiktin and Alejandro Snyder of Tiktin Real Estate. The purchase price per square foot for this development site amounted to $183.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $14,000,000
• Address: 317 N. Federal Highway & 515 NE 3rd Street, Fort Lauderdale
• Buyer: MERRIMAC VENTURES
• Seller: Fox Family
• Brokers: Adam J. Tiktin & Alejandro Snyder of Tiktin Real Estate
• Square Footage: 76,230
• Price per Square Foot: $183

The sale of this development site in Fort Lauderdale was successfully concluded with the involvement of key individuals and companies, including MERRIMAC VENTURES as the buyer, Fox Family as the seller, and Adam J. Tiktin and Alejandro Snyder of Tiktin Real Estate as the brokers representing the parties. This transaction showcases the demand for development opportunities in the Fort Lauderdale market.