Constantin Dobrea Purchases Industrial Development Site In Dania Beach For $5.9 Million
4600 Southwest 44th Avenue
$5,900,000
$389/SF
Building Size
15,153 SF
Asset Type
Development Site
Closing
Jul 29, 2025
AI
The property asset involved in this transaction is located at 4600 Southwest 44th Avenue in Dania Beach, identified as an industrial development site. The sale price for this asset was $5,900,000.
Summary of transaction details:
- Property Type: Industrial Development Site
- Transaction Amount: $5,900,000
- Buyer: Constantin Dobrea
- Seller: Austin Forman & John Loos
- Seller's Representative: Joseph P. Byrnes & Daniel Forman - Berger Commercial Realty
In this transaction, the buyer, Constantin Dobrea, owns the neighboring property and intends to expand his business by utilizing the central location of this site for storage and distribution purposes. This strategic acquisition aids in enhancing operational efficiency for his business.
Players
Fort Lauderdale 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93