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501 Old Griffin Road

Haven Dock & Marine Acquires Industrial Property From Leslie Rozencwaig For $3.15M
SOLDIndustrial

Haven Dock & Marine Acquires Industrial Property From Leslie Rozencwaig For $3.15M

501 Old Griffin Road

$3,150,000

$281/SF

Building Size

11,175 SF

Asset Type

Industrial

Closing

Mar 9, 2026

AI

The property asset involved in this transaction is an industrial facility located at 501 Old Griffin Road in Dania Beach. The sale price for this asset was $3,150,000, and it comprises 11,175 square feet, translating to a price per square foot of approximately $281.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,150,000
  • Address: 501 Old Griffin Road
  • Market: Dania Beach
  • Square Footage: 11,175
  • Price Per Square Foot: $281
  • Buyer: Haven Dock & Marine
  • Seller: Leslie Rozencwaig
  • Buyer's Representative: Mark Faeth - LRM CREA

This transaction featured Mark Faeth representing the buyer, Haven Dock & Marine, while Leslie Rozencwaig was the seller. Mark Faeth's role highlights the representation in the deal, ensuring a structured transaction process between the involved parties.

Players

Mark Faeth

LRM Commercial Real Estate Advisors

Broker

$47.6M

vol

13 deals

Broker

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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93