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13900 Griffin Road

Bernardo Duran And Carlos A. Martinez Acquire 43.4 Acre Property In Southwest Ranches For $22.5M
SOLDLand

Bernardo Duran And Carlos A. Martinez Acquire 43.4 Acre Property In Southwest Ranches For $22.5M

13900 Griffin Road

$22,500,000

$880/SF

Building Size

25,553 SF

Asset Type

Land

Closing

Apr 5, 2025

AI

A group led by Bernardo Duran of A-1 Duran Roofing and Carlos A. Martinez purchased a 43.4-acre church and school property located at 13900 Griffin Road in Southwest Ranches for a total of $22.5 million. The property encompasses 25,553 square feet and was transacted at a price per square foot of $881. The deal includes $17.25 million in seller financing.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $22,500,000
  • Buyer: Bernardo Duran - A-1 Duran Roofing
  • Buyer: Carlos A. Martinez
  • Seller: The New Testament Baptist Church
  • Acres: 43.4
  • Square Footage: 25,553
  • Price per Square Foot: $881

This transaction expands Bernardo Duran's landholdings in the area, adding to his previous acquisition of an adjacent 40 acres in 2022. The combined properties total 83.4 acres under Duran's control.

Players

Southwest Ranches Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93