Bo Boulenger Of Baptist Health South Florida Acquires Office In Coral Gables For $39M
2855 S Le Jeune Rdcoral Gables, Fl 33134, Usa
$39,000,000
Building Size
—
Asset Type
Office
Closing
Oct 1, 2026
About this deal
AI
An office building located at 2855 Southwest 42nd Avenue in Coral Gables was sold for $39,000,000. The property was previously owned by City National Bank of Florida, which completed the transaction on October 1, 2026.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $39,000,000
- Buyer: Bo Boulenger - Baptist Health South Florida
- Seller: City National Bank of Florida
- Date of Sale: October 1, 2026
Bo Boulenger represented Baptist Health South Florida in the purchase of this property, while City National Bank of Florida acted as the seller in this transaction.
On the Map
$39,000,000
Office
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Miami Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93