Richard Zahn Acquires Development Site In Fort Lauderdale For $11M

This development site in Fort Lauderdale has been sold for $11,000,000. The property, located at 611 & 617 N.E. Fourth Ave.; 301-333 N.E. Sixth St. & 600-618 N.E. Third Ave., spans across 1.4 acres. The buyer, Richard Zahn, acquired the property from sellers David H. & Judith Severns, Third Avenue Investments, Sunart Rentals, NE 4th FTL, and SolidSoccer. The sale was facilitated by Jaime Sturgis and Dan Ross from Native Realty.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $11,000,000
• Address: 611 & 617 N.E. Fourth Ave.; 301-333 N.E. Sixth St. & 600-618 N.E. Third Ave.
• Market: Fort Lauderdale
• ACRES: 1.4
• Buyer: Richard Zahn
• Seller: David H. & Judith Severns; Third Avenue Investments; Sunart Rentals; NE 4th FTL; & SolidSoccer
• Seller's Rep: Jaime Sturgis & Dan Ross - Native Realty

Dan Ross and Jaime Sturgis from Native Realty represented the sellers in this transaction. The sale price of $11,000,000 resulted in a Building Square Footage (BSF) of 332,000, with a Price per Building Square Foot (PPBSF) of $33. The property's total Square Footage (SF) is 60,984, and the Price per Square Foot (PPSF) is $180.