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 | |
Updated | July 7th, 2025 |
Type | Senior Facilities |
Price | $16,000,000 |
Building | 20,000 Sq. Ft. |
Land | 5 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