Triarch Capital Group And Step By Step Management Acquire Airport Commerce Park In Dania Beach For $18.3M
4101 Ravenswood Road
$18,300,000
Building Size
—
Asset Type
Office
Closing
Mar 17, 2025
About this deal
AI
The property involved in the transaction is located at 4101 Ravenswood Road in Dania Beach, comprising a 6.6-acre office complex consisting of four buildings. The sale price for this asset was $18,300,000. The property is situated near the Fort Lauderdale-Hollywood International Airport.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $18,300,000
- Buyer: Daniel Halberstein, Mario Grosfeld, Stefan Grosfeld & Jorge Linkewer - Triarch Capital Group; Sarah Selcer; Sergio Selcer - Step by Step Management
- Seller: Mario Henriquez - JCT Management - ACP Partners
- Lender: Popular Bank
- Loan Amount: $10,300,000
A collaborative effort led by Jorge Linkewer of Triarch Capital Group and the Selcers resulted in the acquisition of the property. The seller, Mario Henriquez representing JCT Management and ACP Partners, facilitated this lucrative deal, marking a significant transition for the Airport Commerce Park.
On the Map
$18,300,000
Office
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Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93