Our Tenants
Located at 2600 Griffin Rd, Dania Beach, Shops at Griffin is not just a retail destination but also a versatile property with the potential for industrial use. After a comprehensive redevelopment, this site has transformed into one of the most sought-after locations in the area, combining prime retail spaces with industrial capabilities.
Project Overview:
- Purchase Price: $925,000
- Initial Occupancy Rate: 75%
- Initial Building Size: 4,000 Sq/Ft
- Property Type: Land
- Property Subtype: Industrial
- Total Lot Size: 2.25 AC
Transformation Highlights:
Our development strategy has maximized the value and functionality of the site, increasing its appeal to retail tenants.
- Construction Costs: $1,400,000
- Total Project Costs: $2,325,000
- Final Building Size: 13,980 Sq/Ft
- Final Occupancy Rate: 100%
- Annual NOI: $260,000
- Cap Rate: 11.18%
- Project Value at 6% Cap Rate: $4.3M
- Capital Gain: $1,975,000 (85%)
Address:
2600 Griffin Rd, Dania Beach, FL 33312
Contact Number:
+1 954-955-6222
