Fortress Investment Provides $112M Loan For Office Property In Dania Beach
1855 Griffin Road, Dania, FL 33004, USA
$112,000,000
$143/SF
Building Size
782,986 SF
Asset Type
Office
Closing
Jan 13, 2020
About this deal
AI
Located at 1855 Griffin Road in Dania Beach, this office property was involved in a recent transaction. The property spans over 782,986 square feet and is owned by Cohen Brothers Realty, represented by Charles S. Cohen. The loan for this deal was provided by Fortress Investment, with Peter L. Briger serving as the lender.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $112,000,000
- Address: 1855 Griffin Road
- Market: Dania Beach
The key individuals involved in this transaction are Peter L. Briger from Fortress Investment, who acted as the lender, and Charles S. Cohen from Cohen Brothers Realty, who represented the landlord. They facilitated the deal for this office property in Dania Beach.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93