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Carroll M. Roberts Acquires Industrial Warehouse In Davie From Griffin Moving & Storage For $4.2M

Property Image
SOLD
$4,200,000

Florida

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Industrial10,886 SF
Sold 06/20/2025
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Property Image
SOLD

Carroll M. Roberts Acquires Industrial Warehouse In Davie From Griffin Moving & Storage For $4.2M

7051 Southwest 21st Place

See Similar Deals
Industrial10,886 SF
Sold 06/20/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$385
Total Square Footage:10,886 SF
Transaction Type:Sale

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.

Players

Joseph P. Byrnes
Berger Commercial Realty
Joseph P. Byrnes
5 deals$26.5M volume
BROKER

Details

SOLD
IMAGE: Joseph P. Byrnes DATE: 06/20/2025 ADDRESS: 7051 Southwest 21st Place MARKET: Davie ASSET TYPE: Industrial ~ ACRES: 0.83 BUYER: Carroll M. Roberts SELLER: Griffin Moving & Storage BROKER: Joseph P. Byrnes - Berger Commercial Realty (@BergerCommercialRealty) LENDER: First Citizens Bank SALE PRICE: $4,200,000 SF: 10,886 ~ PPSF: $386 NOTE: Carroll M. Roberts acquired a 10,886 SF industrial warehouse at 7051 SW 21st Pl in Davie for $4.2M from Griffin Moving and Storage, with $3.57M in new debt from First Citizens Bank. Joseph Byrnes of Berger Commercial Realty represented the seller in the deal, which closed on June 20.

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

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71