Aimco Acquires Development Site In Fort Lauderdale For $16M

Southwest Corner of Northeast Ninth Street and Northeast Fifth Avenue

$16,000,000

Building Size

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Asset Type

Development Site

Closing

Aug 4, 2022

AI

The development site located at the southwest corner of Northeast Ninth Street and Northeast Fifth Avenue in Fort Lauderdale has been sold for $16,000,000. The property spans an area of 1.4 acres and was purchased by Aimco, with Wes Powell representing the buyer. The seller, RK Centers, was represented by Raanan Katz.

Summary of transation details

Property Type: Development Site
Transaction Amount: $16,000,000
Address: Southwest Corner of Northeast Ninth Street and Northeast Fifth Avenue, Fort Lauderdale
Market: Fort Lauderdale
Acres: 1.4

Wes Powell, acting on behalf of Aimco, successfully completed the purchase of the development site. Raanan Katz, representing RK Centers, facilitated the sale.

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