Updated Dec 4, 2024
Bridge Industrial Acquires 22.4 Acre Development Site In Dania Beach For $20M
2200 Northeast 7th Avenue, Dania Beach, Florida 33004, United States
$20,000,000
$117/SF
Building Size
171,000 SF
Asset Type
Development Site
Closing
Jun 20, 2022
About this deal
AI
The development site located at 2200 Northeast Seventh Avenue in Dania Beach has been sold in a closed transaction. The property spans over 22.4 acres and is situated in a prime location.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $20,000,000
- Address: 2200 Northeast Seventh Avenue, Dania Beach
- Market: Dania Beach
- Acres: 22.4
Bridge Industrial, represented by Steve Poulos, has acquired the property from Park 'N Fly. The transaction highlights the strong demand for development sites in the area. The deal closed on June 21, 2022, and the sale price was $20,000,000. The building square footage is 170,892, resulting in a price per square foot of $117.
Players
Fort Lauderdale Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93