SOLD
Lennar Acquires Miami Office Building At 5505 Blue Lagoon Drive For $68M
5505 Blue Lagoon Drive
Office
213,182 SF
213,182 SF
Sold 132 days ago
Summary
Sale
FLORIDA
Office
213,182 sqft
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
All
8
Agents
7
Agencies
1
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: $319View on map
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Address5505 Blue Lagoon Drive
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