Dalfen, McElroy & Segrest Acquire Industrial Property In Dania Beach For $13M With CBRE Brokers
901 Old Griffin Road
$13,000,000
$812/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Aug 25, 2025
AI
The property asset involved in the transaction is located at 901 Old Griffin Road, Dania Beach. This industrial asset encompasses 16,000 square feet and was sold for $13,000,000, reflecting a price per square foot of $812. The site is situated on a 7.03-acre IOS property in Dania Beach, Florida.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,000,000
- Square Footage: 16,000
- Price per Square Foot: $812
- Address: 901 Old Griffin Road
- Market: Dania Beach
- Buyer: Sean Dalfen, Tyler McElroy & Chris Segrest
- Brokers: Eli Havlik, Tom O'Loughlin, Larry Genet & Michael Oretsky - CBRE
This transaction was marked by a collaborative effort from the brokerage team, with notable contributions from Sean Dalfen as one of the buyers. The team is looking forward to engaging in leasing activities following this successful sale. They are open to inquiries regarding IOS tenants in need of yard and shop buildings.
Players
Dania 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93