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NW 52nd St 𝗠𝗔π—₯π—žπ—˜π—§: Doral

Jim Carr Of CC Homes Acquires 1.17 Acre Development Site In Doral For $4.2M
SOLDLand

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

Jim Carr

CC Homes

Buyer

$28M

vol

3 deals

Buyer

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