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
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.
Players
Miami 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
1.97%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93