DS Realty, Inc. Purchases Development Site From Don Shaver For $10.5 Million In Dania Beach
1200 Old Griffin Road
$10,500,000
$2,100/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
Jun 5, 2025
AI
The property asset involved is a development site located at 1200 Old Griffin Road in Dania Beach. The transaction was completed with a sale price of $10,500,000, encompassing a total of 5,000 square feet. The price per square foot stands at $2,100.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,500,000
- Address: 1200 Old Griffin Road
- Market: Dania Beach
- Square Footage: 5,000
- Price Per Square Foot: $2,100
- Buyer: DS Realty, Inc.
- Seller: Don Shaver
- Seller's Representatives: Daniel Forman, Keith Graves, Jonathan Thiel & Lawrence Oxenberg - Berger Commercial Realty
Key individuals in the transaction include the buyer represented by DS Realty, Inc., and the seller, Don Shaver. The deal was facilitated by the seller's representatives from Berger Commercial Realty, consisting of Daniel Forman, Keith Graves, Jonathan Thiel, and Lawrence Oxenberg, who played a pivotal role in the 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93