Updated Oct 28, 2026
Sean Dalfen Of Dalfen Industrial Secures $26.16M Construction Loan From CIBC Bank USA In Davie
5325 South University Drive
$26,160,000
Building Size
—
Asset Type
Development Site
Closing
Oct 27, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 5325 South University Drive in Davie, Florida. The site encompasses 16.2 acres and will be redeveloped into a warehouse with a building size of 151,052 square feet and a height clearance of 35 feet. A total of 292 parking spaces will be provided following the redevelopment of the former Sparez bowling alley site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $26,160,000
- Lender: CIBC Bank USA
- Landlord: Sean Dalfen - Dalfen Industrial
- Loan Type: Construction
The key individuals involved in this deal include Sean Dalfen of Dalfen Industrial, who is acting as the landlord. CIBC Bank USA is the lender facilitating the construction loan for the redevelopment project, which follows the closure of the bowling alley on the premises.
On the Map
$26,160,000
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93