GLP Capital Partners Acquires Development Site In Doral For $55M

A development site in Doral has been sold for $55,000,000. The property, located at 7777 Northwest 41st Street, spans across 24 acres, resulting in a price per acre of approximately $2,291,667. The transaction took place on February 8, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $55,000,000
• Address: 7777 Northwest 41st Street
• Market: Doral

The buyer of the development site is GLP Capital Partners, represented by Alan Yang. The sellers are Terra, led by David Martin, and Terranova Corp., led by Stephen Bittel.