Jim Carr Of CC Homes Acquires 1.17 Acre Development Site In Doral For $4.2M
$4,200,000
$82/SF
Building Size
50,869 SF
Asset Type
Land
Closing
May 27, 2025
AI
A development site consisting of 1.17 acres is located at the S/SEC of NW 87th Ave & Northwest 52nd Street in the Doral market. The property was sold for $4,200,000, translating to a price per square foot of $82.57, with a total square footage of 50,869. The land is zoned DMU and is proposed for development into a 105-unit, 110-bed assisted living facility totaling 114,942 square feet.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,200,000
- Buyer: Jim Carr - CC Homes
- Seller: Avanti Senior Living & Iron Point Partners
- Property Address: S/SEC of NW 87th Ave & Northwest 52nd Street
- Market: Doral
- Acres: 1.17
- Square Footage: 50,869
- Price per Square Foot: $82.57
This transaction involved Jim Carr representing CC Homes as the buyer. The sellers, Avanti Senior Living and Iron Point Partners, completed the transaction on the specified date of May 27, 2025.
Players
Market Land Market Snapshot
Boundary boundary Β· Land Β· Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93