Vertical Community Development Acquires Development Site In Pompano Beach For $1.89M

A development site located at 3214 Southeast 11th Street in Pompano Beach was sold for $1,894,737. The property encompasses 3,089 square feet, resulting in a price per square foot of $613.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,894,737
• Address: 3214 Southeast 11th Street
• Market: Pompano Beach
• Square Footage: 3,089
• Price Per Square Foot: $613
• Buyer: Vertical Community Development
• Seller: Julian Mancinelli
• Buyer's Rep: Michael Lewin - Katalyst Real Estate & Development
• Seller's Rep: Robin Perez - Fausto Commercial Realty Consultants

Katalyst Real Estate & Development's Michael Lewin facilitated the transaction, contributing to the expansion of Vertical Community Development's Florida pipeline in the market of Pompano Beach. Fausto Commercial Realty Consultants represented the seller, Julian Mancinelli, in this transaction.