Herbert Frazier Of Hill City Capital Acquires Former Spirit Airlines Headquarters For $93.25M
1731 Radiant Drive
$93,250,000
$155/SF
Building Size
600,000 SF
Asset Type
Office
Closing
Aug 17, 2026
About this deal
AI
The property asset involved in the transaction is an office space located at 1731 Radiant Drive, Dania Beach, FL. The sale price was $93,250,000, encompassing 600,000 square feet of space across an 11-acre campus. This site includes corporate offices, an amenity building, a flight-training facility with simulators, and corporate housing. The price per square foot (PPSF) was calculated at $155.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $93,250,000
- Sale Date: 08/17/2026
- Buyer: Herbert Frazier
- Buyer's Company: Hill City Capital
- Market: Dania Beach, FL
- Total Building Area: 600,000 SF
- Property Acres: 11
Herbert Frazier represented Hill City Capital in acquiring Spirit Airlines’ former headquarters campus at auction. The campus was delivered just two years ago, providing modern facilities suited for corporate operations and training.
Dania 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93