Updated Oct 29, 2024
Marc Aptakin's MAD Studios Acquires Industrial Property In Dania Beach For $9.75M
481 South Federal Highway, Dania Beach, FL, USA
$9,750,000
$88/SF
Building Size
110,206 SF
Asset Type
Industrial
Closing
Mar 23, 2020
About this deal
AI
Located at 481 South Federal Highway in Dania Beach, this industrial property was recently sold in a closed transaction. The property spans 110,206 square feet and was sold for a total price of $9,750,000, resulting in a price per square foot of $88. The sale was brokered by Mika Mattingly and Bradley Arendt from Colliers International South Florida.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,750,000
- Date: 03/24/2020
- Market: Dania Beach
- Buyer: Marc Aptakin - MAD Studios
- Seller: Alphawave Holdings LLC - Arron Rimpley & Gregg Whittecar
The buyer, Marc Aptakin of MAD Studios, acquired the property from the seller, Alphawave Holdings LLC, represented by Arron Rimpley and Gregg Whittecar. The transaction was facilitated by Mika Mattingly and Bradley Arendt from Colliers International South Florida.
Players
Dania Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Bradley Arendt to view all their deals.
Browse Florida industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93