100 North Street, Coral Gables, FL

Senior Facilities for Sale - $16,000,000 - 20,000 Sq. Ft. on 5 acres


Agent Info

FRANK RICCI
Healthcare Realty & Development Services LLC

Property Info

CIMLS#1178350
Location
  100 North Street
  Coral Gables FL 32189
UpdatedJuly 7th, 2025
TypeSenior Facilities
Price$16,000,000
Building20,000 Sq. Ft.
Land5 acres

Property Description

Confidential Senior Living Offering – Entitled Expansion Opportunity | Southeast U.S.

An exceptional opportunity to acquire a high-performing senior living asset in a prime Southeast market, featuring a fully entitled expansion with architectural and engineering plans and a general contractor proposal in hand.

This stabilized facility offers strong current income with significant value-add potential through a fully approved two-story addition. Upon expansion, the project is expected to more than double in revenue and nearly triple in net operating income.

Highlights:

Existing cash-flowing facility with strong occupancy and operational stability

Entitled expansion to over ____ units (drawings and GC pricing included)

Projected stabilized NOI of $2.4M+ post-expansion

Attractive acquisition price with potential to realize substantial equity upside upon lease-up

Targeted toward experienced senior housing operators, healthcare-focused private equity, and institutional investors seeking scalable assets in strong demographic markets.

Detailed offering materials available upon request with executed confidentiality agreement.


Financials

Investment Highlights

Fully Entitled Expansion Opportunity – Plans and A/E drawings for ___ -bed addition

Shovel-Ready – GC proposal in hand, no zoning or permitting delays

Strong In-Place Performance – ___-unit facility with positive cash flow

High-Yield Stabilized Return – Projected 15.3% return on cost

Projected NOI – $2.447M stabilized, post-expansion

Attractive Exit Cap – $33.7M potential value at 7.25% cap

Dense Demographics – Over 90,000 seniors (65+) within 5 miles

No Franchise Restrictions – Flexibility for operators or investors

Confidential Offering – Full OM available with executed NDA