Elysee Investments Acquires Mixed-Use Asset At 55 Miracle Mile For $28.5M With Stefano Santoro As Buyer's Rep
55 Miracle Mile
$28,500,000
$437/SF
Building Size
65,110 SF
Asset Type
Mixed-use
Closing
May 29, 2025
AI
The transaction involves a mixed-use asset located at 55 Miracle Mile in Coral Gables. The sale price was $28,500,000, with a total square footage of 65,110 and a price per square foot of $437.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $28,500,000
- Address: 55 Miracle Mile
- Market: Coral Gables
- Square Footage: 65,110
- Price per Square Foot: $437
- Buyer: Elysee Investments
- Seller: CGI Merchant Group
- Buyer's Representative: Stefano Santoro - Disruptive Real Estate
Stefano Santoro, CEO of Disruptive Real Estate, represented Elysee Investments in this off-market deal. This acquisition includes 65 distressed retail and office units along with 419 parking spaces within Coral Gables’ iconic Ten Aragon. The firm showcased its capability to identify and execute strategic investments with transformative potential.
Players
Coral Gables Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93