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Constantin Dobrea Purchases Industrial Development Site In Dania Beach For $5.9 Million

Property Image
SOLD
$5,900,000
Joseph P. Byrnes
Daniel Forman

Florida

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Development Site15,153 SF
Sold 07/30/2025
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Property Image
SOLD

Constantin Dobrea Purchases Industrial Development Site In Dania Beach For $5.9 Million

4600 Southwest 44th Avenue

See Similar Deals
Development Site15,153 SF
Sold 07/30/2025
Joseph P. Byrnes
Daniel Forman
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$389
Total Square Footage:15,153 SF
Transaction Type:Sale

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

Joseph P. Byrnes
Berger Commercial Realty
Joseph P. Byrnes
5 deals$26.5M volume
BROKER
Daniel Forman
Berger Commercial Realty
Daniel Forman
6 deals$16.4M volume(954) 652-2004
BROKER
Berger Commercial Realty
Berger Commercial Realty
BROKERAGE

Details

SOLD
IMAGE: Daniel Forman & Joseph P. Byrnes DATE: 07/30/2025 ADDRESS: 4600 Southwest 44th Avenue MARKET: Dania Beach ASSET TYPE: Industrial Development Site BUYER: Constantin Dobrea SELLER: Austin Forman & John Loos SELLER'S REP: Joseph P. Byrnes & Daniel Forman - Berger Commercial Realty (@BergerCommercialRealty) SALE PRICE: $5,900,000 NOTE FROM SELLER'S REP: The Buyer owns the property next door and plans to expand their business onto this site utilizing it’s central location as a hub for storage and distribution.

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

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
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