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Fat Village Properties Acquires Development Site In Fort Lauderdale For $5.5M

516 Northwest 1st Avenue
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This Development Site property located in FL was sold for $5,500,000 about 4 years ago.

A development site located at 516 Northwest 1st Avenue in Fort Lauderdale has been sold for $5,500,000. The property, comprising of a total buildable area of 12,750 square feet, was acquired by Fat Village Properties LLC. The buyer was represented by Alan Hooper from Urban Street Development LLC. The seller in this transaction was Carol Daggett Lenahan.

Summary of transaction details

  • Property Type: Development site
  • Transaction Amount: $5,500,000
  • Address: 516 Northwest 1st Avenue, Fort Lauderdale
  • Market: Fort Lauderdale
  • Buyer: Fat Village Properties LLC - Alan Hooper, Urban Street Development LLC
  • Seller: Carol Daggett Lenahan
  • Total Buildable Area: 12,750 square feet
  • Price per Buildable Square Foot: $431

This deal was facilitated by Alan Hooper, representing the buyer Fat Village Properties LLC, along with Urban Street Development LLC. Carol Daggett Lenahan acted as the seller in this transaction. The property, located at 516 Northwest 1st Avenue in Fort Lauderdale, presents a great opportunity for development with its substantial buildable area.

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Deals
  • Location
    516 Northwest 1st Avenue, Fort Lauderdale, FL, USA516 Northwest 1st Avenue, Fort Lauderdale, FL, USA
  • Sale Price
    $5,500,000$5,500,000
    $431 PPSF$431 PPSF
  • Area
    12,750 SF12,750 SF
  • Asset Type
    Development SiteDevelopment Site

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Deal Summary

SALE IMAGE: Alan Hooper DATE: 02/11/2020 ADDRESS: 516 Northwest 1st Avenue MARKET: Fort Lauderdale ASSET TYPE: Development site BUYER: Fat Village Properties LLC - Alan Hooper, Urban Street Development LLC SELLER: Carol Daggett Lenahan PRICE: $5,500,000 BSF: 12,750 ~ PPBSF: $431

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