Bryan Redmond Acquires Marina In Dania Beach For $49M
901 Northeast 3rd Street, Dania Beach, Florida 33004, United States
$49,000,000
$217/SF
Building Size
225,757 SF
Asset Type
—
Closing
Feb 16, 2022
About this deal
AI
The Harbour Towne Marina in Dania Beach has been sold for a significant sum of $49,000,000. The marina, located at 901 Northeast Third Street & 801 Northeast Third Street, spans an impressive 225,757 square feet and is situated in a bustling market. The sale price equates to approximately $217 per square foot.
Summary of transaction details
- Property Type: Marina
- Transaction Amount: $49,000,000
The buyer of the Harbour Towne Marina is Bryan Redmond, representing Suntex Marinas. Acting as the seller in this deal is Harbour Towne Marina. Bryan Redmond, operating on behalf of Suntex Marinas, successfully closed the transaction, acquiring this prime marina asset in Dania Beach.
Players
Dania CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93