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Asi Cymbal Acquires Development Site In Dania Beach For $4.8M

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SOLD
$4,800,000

Florida

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Development Site104,544 SF
Sold 07/23/2020
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Property Image
SOLD

Asi Cymbal Acquires Development Site In Dania Beach For $4.8M

150 Bryan Rd, Dania Beach, FL 33004, USA

See Similar Deals
Development Site104,544 SF
Sold 07/23/2020
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$45
Total Square Footage:104,544 SF
Transaction Type:Sale

The development site located at 150 Bryan Road in Dania Beach has been sold for $4,800,000. The property spans a total square footage of 104,544, resulting in a price per square footage of $45.91.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $4,800,000
  • Address: 150 Bryan Road
  • Market: Dania Beach
  • BSF: 104,544
  • Price Per BSF: $45.91

Asi Cymbal has acquired the property, acting as the buyer. The seller in this transaction is Project USA LLC. Representing Asi Cymbal as the buyer's representative is Dania Pointe Waterfront LLC. On the other side, John DeMarco from RE/MAX acted as the seller's representative.

Players

John DeMarco
5 deals$54.2M volume
BROKER

BUYER

Details

SOLD
IMAGE: IMAGE: Asi Cymbal & John DeMarco⁠ DATE: 07/23/2020⁠ ADDRESS: 150 Bryan Road⁠ MARKET: Dania Beach⁠ ASSET TYPE: Development Site⁠ PRICE: $4,800,000⁠ BSF: 104,544⁠ PPBSF: $45.91⁠ BUYER: Asi Cymbal⁠ SELLER: Project USA LLC⁠ BUYER’S REP: Dania Pointe Waterfront LLC⁠ SELLER’S REP: John DeMarco – RE/MAX⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$256,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39