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Lennar Acquires Miami Office Building At 5505 Blue Lagoon Drive For $68M

Property Image
SOLD
$68,000,000
Marcos Minaya
Sean Kelly
+ 4

Florida

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Office213,182 SF
Sold 12/19/2023
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Property Image
SOLD

Lennar Acquires Miami Office Building At 5505 Blue Lagoon Drive For $68M

5505 Blue Lagoon Drive

See Similar Deals
Office213,182 SF
Sold 12/19/2023
Marcos Minaya
Sean Kelly
+ 4
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$319
Total Square Footage:213,182 SF
Transaction Type:Sale

The office property located at 5505 Blue Lagoon Drive in Miami has been sold in a transaction totaling $68,000,000. The property spans across 213,182 square feet, resulting in a price per square foot of $319. The sale was completed between the buyer, Lennar, and the seller, Franklin Street Properties.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $68,000,000
  • Square Footage: 213,182
  • Price per Square Foot: $319
  • Address: 5505 Blue Lagoon Drive, Miami

The deal was facilitated by a team of brokers from CBRE, including Christian Lee, Sean Kelly, Marcos Minaya, Andrew Chilgren, Amy Julian, Tom Rappa, and Gordon Messinger. They represented both the buyer, Lennar, and the seller, Franklin Street Properties, in this transaction.

Players

Amy Julian
34 deals$2.1B volume(305) 381-6478
BROKER

Christian "Chris" Lee
CBRE
29 deals$2.2B volume(305) 773-2813
BROKER

Sean Kelly
CBRE
22 deals$860.3M volume(561) 866-3545
BROKER

Andrew Chilgren
CBRE
22 deals$1.6B volume
BROKER

Gordon Messinger
CBRE
33 deals$164M volume
BROKER

Marcos Minaya
18 deals$963.9M volume(786) 307-6497
BROKER

Tom Rappa
CBRE
10 deals$522.5M volume(203) 979-5423
BROKER

Lennar
BUYER

Details

SOLD
IMAGE: Amy Julian, Tom Rappa, Christian Lee, Gordon Messinger, Sean Kelly, Marcos Minaya & Andrew Chilgren DATE: 12/19/2023 ADDRESS: 5505 Blue Lagoon Drive MARKET: Miami ASSET TYPE: Office BUYER: Lennar (@LennarHomes) SELLER: Franklin Street Properties BROKERS: Christian Lee, Sean Kelly, Marcos Minaya, Andrew Chilgren (@AChilgren), Amy Julian, Tom Rappa & Gordon Messinger - CBRE (@CBRE) SALE PRICE: $68,000,000 SF: 213,182 ~ PPSF: $319

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