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1200 Old Griffin Road

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

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:

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

Berger Commercial Realty

Broker

$20.9M

vol

12 deals

Broker
Berger Commercial Realty
Berger Commercial RealtyBrokerage

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