Updated Oct 15, 2026
Justin Zeig Acquires Development Site In Hallandale Beach For $4.4M
400 Southeast 9th Street, Hallandale Beach, Florida 33009, United States
$4,400,000
$95/SF
Building Size
46,265 SF
Asset Type
Development Site
Closing
Apr 24, 2022
About this deal
AI
A development site located at 400-408 SE 9th Street & 303, 311-315 SE 9th Court in Hallandale Beach has been sold for a total of $4,400,000. The property spans a total of 46,265 square feet with a buildable square footage of 96,000. The sale price equates to $95 per square foot.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,400,000
- Address: 400-408 SE 9th Street & 303, 311-315 SE 9th Court, Hallandale Beach
- Market: Hallandale Beach
- Buyer: Justin Zeig
- Seller: Camilo Nino, Ricardo Uribe & Alen Hernandez
- Brokers: Aaron O'Connor, Adam Duncan & Joseph Thomas - Marcus & Millichap
- Buildable Square Footage: 96,000
- Price Per Buildable Square Foot: $46
- Total Square Footage: 46,265
- Price Per Square Foot: $95
The deal was facilitated by brokers Aaron O'Connor, Adam Duncan, and Joseph Thomas from Marcus & Millichap.
On the Map
$4,400,000
$95/SF
Development Site
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Players
Hallandale Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93