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175 Fontainebleau Boulevard...

Tony Hernandez Acquires Office Property On Fontainebleau Blvd In Miami For $12.5M
SOLDOffice

Tony Hernandez Acquires Office Property On Fontainebleau Blvd In Miami For $12.5M

175 Fontainebleau Boulevard, Miami, Florida 33172, United States

$12,500,000

$254/SF

Building Size

49,150 SF

Asset Type

Office

Closing

Mar 30, 2022

AI

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

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

Alex Zylberglait

Marcus & Millichap

Broker

$211.5M

vol

26 deals

Broker

Miami Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93