Elysee Investments Acquires Mixed-Use Asset From CGI Merchant Group For $28.5M In Coral Gables

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.