Elysee Investments Acquires Mixed-Use Asset At 55 Miracle Mile For $28.5M With Stefano Santoro As Buyer's Rep
SOLD
$28,500,000
Florida
See Similar DealsMixed-use65,110 SF
Sold 05/30/2025
SOLD
Elysee Investments Acquires Mixed-Use Asset At 55 Miracle Mile For $28.5M With Stefano Santoro As Buyer's Rep
55 Miracle Mile
See Similar DealsMixed-use65,110 SF
Sold 05/30/2025
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$437
Total Square Footage:65,110 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,519,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$101,254.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$135,104.54
Annual Debt Service$1,621,254.48
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