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Armando Codina And James Carr Of CC Homes Acquire 151 Acre Development Site In Davie For $50M

Property Image
SOLD
$50,000,000

Florida

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Development Site
Sold 09/29/2025
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Property Image
SOLD

Armando Codina And James Carr Of CC Homes Acquire 151 Acre Development Site In Davie For $50M

Development Site
Sold 09/29/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Sale

A 151-acre development site located at the northeast corner of Interstate 75 and Royal Palm Boulevard in Davie was sold for $50,000,000. The asset is intended for the construction of luxury single-family homes starting near $2 million each, replacing a prior mixed-use proposal by the seller.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $50,000,000
  • Buyer: Armando Codina & James Carr
  • Seller: Jackie Soffer
  • Buyer Company: CC Homes
  • Seller Company: Turnberry Associates
  • Market: Davie
  • Acres: 151

The transaction involved Armando Codina and James Carr representing CC Homes as buyers, while Jackie Soffer represented Turnberry Associates as the seller. The deal marks a significant shift from the original development vision for the site.

Players

Armando Codina
CC Homes
Armando Codina
13 deals$736M volume
BUYER
CC Homes
CC Homes
BUYER
TA
Turnberry Associates
SELLER

Details

SOLD
IMAGE: Armando Codina, Jackie Soffer & James Carr DATE: 09/29/2025 ADDRESS: Northeast Corner of Interstate 75 & Royal Palm Boulevard MARKET: Davie ASSET TYPE: Development Site ~ ACRES: 151 BUYER: Armando Codina & James Carr - CC Homes (@CCHomesFL) SELLER: Jackie Soffer (@JackieSoffer) - Turnberry Associates SALE PRICE: $50,000,000 NOTE: Turnberry Associates sold a 151-acre Davie development site at I-75 and Royal Palm Blvd. to CC Homes for $50M. CC Homes, led by Armando Codina and James Carr, plans 151 luxury single-family homes starting near $2M, replacing Turnberry’s scrapped mixed-use proposal.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
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