CC Homes Acquires Development Site In Southwest Ranches For $11.5M
4751 Southwest 160th Avenue, Southwest Ranches, FL, USA
$11,500,000
$3,346/SF
Building Size
3,436 SF
Asset Type
Development Site
Closing
Dec 20, 2020
AI
A development site in Southwest Ranches has been sold for $11,500,000. The property, located at 4751 Southwest 160th Avenue, 15900 & 15990 Griffin Road, spans 47 acres. With a price per acre of $244,681, the site presents a significant opportunity for development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $11,500,000
- Address: 4751 Southwest 160th Avenue, 15900 & 15990 Griffin Road
- Market: Southwest Ranches
The buyer of the property is CC Homes represented by Armando Codina & Jim Carr. The seller is Pat Fuccile. This deal was finalized on 12/21/2020, and the transaction showcases the potential of the development site in Southwest Ranches.
Southwest Ranches Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93