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901 Old Griffin Road

Dalfen, McElroy & Segrest Acquire Industrial Property In Dania Beach For $13M With CBRE Brokers
SOLDIndustrial

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:

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

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker
CBRE
CBREBrokerage

Sean Dalfen

Dalfen Industrial

Buyer

$1.5B

vol

16 deals

Buyer
Dalfen Industrial
Dalfen IndustrialBuyer

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