Tony Hernandez Acquires Office Property On Fontainebleau Blvd In Miami For $12.5M
SOLD
$12,500,000
Florida
See Similar DealsOffice49,150 SF
Sold 03/31/2022
SOLD
Tony Hernandez Acquires Office Property On Fontainebleau Blvd In Miami For $12.5M
175 Fontainebleau Boulevard, Miami, Florida 33172, United States
See Similar DealsOffice49,150 SF
Sold 03/31/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$254
Total Square Footage:49,150 SF
Transaction Type:Sale
The office property located at 175 Fontainebleau Blvd in Miami has been sold for a price of $12,500,000. The transaction took place on March 31, 2022. The property spans a total area of 49,150 square feet, resulting in a price per square foot of $254.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,500,000
- Address: 175 Fontainebleau Blvd, Miami
- Bought by: Tony Hernandez
- Sold by: Leonard & Joan Hayet
- Brokers: Alex Zylberglait & Michael Crocchiola - Marcus & Millichap
The transaction was facilitated by brokers Alex Zylberglait and Michael Crocchiola, who represented the parties involved in the deal. This successful transaction showcases their expertise and demonstrates the significant value of this office property in the Miami market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
Is there something missing? Send suggestions