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