Elysee Investments Acquires Mixed-Use Asset From CGI Merchant Group For $28.5M In Coral Gables
SOLD
$28,500,000
Florida
See Similar DealsMixed-use65,110 SF
Sold 05/29/2025
SOLD
Elysee Investments Acquires Mixed-Use Asset From CGI Merchant Group For $28.5M In Coral Gables
55 Miracle Mile
See Similar DealsMixed-use65,110 SF
Sold 05/29/2025
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$437
Total Square Footage:65,110 SF
Transaction Type:Sale
The property asset involved in this transaction is a mixed-use building located at 55 Miracle Mile in Coral Gables. The sale price for the property amounts to $28,500,000, with a total square footage of 65,110, resulting in a price per square foot of $437.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $28,500,000
- Square Footage: 65,110
- Price per Square Foot: $437
- Buyer: Elysee Investments
- Seller: CGI Merchant Group
- Broker: Christian Arrabal - AdviseCRE
The deal was facilitated by Christian Arrabal, representing the broker agency AdviseCRE, underscoring the collaboration between Elysee Investments and CGI Merchant Group in this transaction.
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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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