David Gorson Acquires Development Site In Dania Beach For $1.395M
501 West Dania Beach Boulevard, Dania Beach, Florida 33004, United States
$1,395,000
$42/SF
Building Size
32,549 SF
Asset Type
Development Site
Closing
Jul 7, 2022
AI
A development site located at 501 W Dania Beach Blvd in Dania Beach has been sold for a price of $1,395,000. The property spans 32,549 square feet, with a price per square foot of $43. The buyer of the site is David Gorson, while the seller is Shlomo Melloul. The transaction took place on 07/08/2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,395,000
- Address: 501 W Dania Beach Blvd
- Market: Dania Beach
The deal was facilitated by brokers Quinn Sousa, Shelly Argy, and Ryan Shaw from Marcus & Millichap. They represented the buyer and seller in this transaction.
Players
Dania 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
11.37%
Cash-on-Cash
-3.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93