Updated Oct 29, 2024
CCB Miramar LLC And CC Homes Acquire Development Site In Miramar For $39M
17500 SW 41st St, Miami, FL, USA
$39,000,000
$50/SF
Building Size
771,012 SF
Asset Type
Development Site
Closing
Jan 1, 2020
About this deal
AI
Univision Communications has sold a development site in Miramar, located at 17500 Southwest 41st St, for a total price of $39,000,000. The asset, which spans a total of 771,012 square feet, was acquired by CCB Miramar LLC, with Jim Carr from CC Homes and Bruce Parker from BBX Capital representing the buyer's interests in the transaction. The purchase price per buildable square foot (PPBSF) amounts to $505. The sale took place on January 2, 2020.
Summary of transation details
- Property Type: Development site
- Transaction Amount: $39,000,000
- Address: 17500 Southwest 41st St
- Market: Miramar
Jim Carr from CC Homes and Bruce Parker from BBX Capital played key roles as representatives of CCB Miramar LLC in the acquisition. Their involvement highlights their expertise and experience in navigating the real estate market.
Players
Miami Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93