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DS Realty, Inc. Purchases Development Site From Don Shaver For $10.5 Million In Dania Beach

Property Image
SOLD
$10,500,000
Keith Graves
Jonathan Thiel
+ 1

Florida

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Development Site5,000 SF
Sold 06/06/2025
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Property Image
SOLD

DS Realty, Inc. Purchases Development Site From Don Shaver For $10.5 Million In Dania Beach

1200 Old Griffin Road

See Similar Deals
Development Site5,000 SF
Sold 06/06/2025
Keith Graves
Jonathan Thiel
+ 1
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$2,100
Total Square Footage:5,000 SF
Transaction Type:Sale

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:

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

Jonathan Thiel
12 deals$20.9M volume(954) 732-7453
BROKER

Keith Graves
Berger Commercial Realty
18 deals$44.2M volume
BROKER

Lawrence Oxenberg
Berger Commercial Realty
9 deals$67.8M volume(954) 652-2017
BROKER

Daniel Forman
Berger Commercial Realty
6 deals$16.4M volume(954) 652-2004
BROKER

Berger Commercial Realty
BROKERAGE

Details

SOLD
IMAGE: Keith Graves, Daniel Forman, Jonathan Thiel & Lawrence Oxenberg DATE: 06/06/2025 ADDRESS: 1200 Old Griffin Road MARKET: Dania Beach ASSET TYPE: Development Site BUYER: DS Realty, Inc. SELLER: Don Shaver SELLER'S REP: Daniel Forman, Keith Graves, Jonathan Thiel & Lawrence Oxenberg - Berger Commercial Realty (@BergerCommercialRealty) SALE PRICE: $10,500,000 SF: 5,000 ~ PPSF: $2,100

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

$559,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28