Carroll M. Roberts Acquires Industrial Warehouse In Davie From Griffin Moving & Storage For $4.2M
7051 Southwest 21st Place
$4,200,000
$385/SF
Building Size
10,886 SF
Asset Type
Industrial
Closing
Jun 20, 2025
AI
A 10,886 square foot industrial warehouse located at 7051 Southwest 21st Place in Davie has been sold for $4.2 million. The property comprises 0.83 acres and represents a significant asset in the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Buyer: Carroll M. Roberts
- Seller: Griffin Moving & Storage
- Broker: Joseph P. Byrnes - Berger Commercial Realty
- Lender: First Citizens Bank
- Price Per Square Foot: $386
The transaction closed on June 20, 2025, facilitated by Joseph Byrnes of Berger Commercial Realty, who represented Griffin Moving & Storage in the sale. The buyer secured $3.57 million in new debt from First Citizens Bank to finance the acquisition.
Davie Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93