Updated Oct 29, 2024
D.R. Horton, Inc. Acquires Davie Development Site For $8.05M
7250 Griffin Rd Davie, FL 33314, USA
$8,052,750
Building Size
—
Asset Type
Development Site
Closing
Jun 27, 2023
About this deal
AI
A development site located at 7250 Griffin Road in Davie has been sold for a total of $8,052,750. The property spans across 18.6 acres, resulting in a cost per acre of $432,944.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $8,052,750
- Address: 7250 Griffin Road
- Market: Davie
The buyer in this transaction is D.R. Horton, Inc. The deal was facilitated by Stephen Hyatt from Berger Commercial Realty/Corfac International, who represented the buyer in the transaction.
The development site sale at 7250 Griffin Rd Davie, FL 33314, USA in Miami, Florida sold for $8.1M in 2023. 7250 Griffin Rd Davie, FL 33314, USA is classified as Development Site on Traded. R. Stephen (Steve) Hyatt, Berger Commercial Realty appear on the sale alongside Berger Commercial Realty. This page is the Miami, Florida file for the 7250 Griffin Rd Davie, FL 33314, USA development site sold: pricing, party profiles, and other closed development site comps from the same Miami sit in the Market section below. Filter that Miami development site set by closing date to see what else sold near 7250 Griffin Rd Davie, FL 33314, USA around 2023. Published consideration for 7250 Griffin Rd Davie, FL 33314, USA is $8.1M, dated 2023. Cite this D.R. Horton, Inc. Acquires Davie Development Site For $8.05M sale when underwriting similar development site product around Miami, Florida.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.97%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93