Pascal Nicolai Of Sabal Development Acquires Oceanfront Land In Fort Lauderdale For $10.755M

The asset involved in this transaction is a land parcel located at 2932 North Atlantic Boulevard in Fort Lauderdale, comprising 0.42 acres. The property was sold for a total of $10,755,000.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $10,755,000
• Buyer: Pascal Nicolai - Sabal Development
• Market: Fort Lauderdale
• Oceanfront Property: Yes
• Beachfront Access: 100 feet
• Future Development: 10,000-square-foot luxury home
• Architects: Togu Design and Jason Hagopian of Neuvio Architects
• Projected Sale Price: Over $45M
• Features: Two pools and a rooftop terrace with ocean views

This transaction involved Pascal Nicolai, who is leading Sabal Development in the acquisition of the property. The firm has specific plans for the site, focusing on creating a luxury residence designed to meet high-end market demands.