facebook
Traded Co logo
Submit
Daily limit: 0/10

CBRE Brokers $68M Sale Of Miami Office Building At 5505 Waterford District Drive

Property Image
SOLD
$68,000,000
Marcos Minaya
Sean Kelly
+ 5

Florida

See Similar Deals
Office213,182 SF
Sold 12/18/2023
the dealplayerscompscontact
Property Image
SOLD

CBRE Brokers $68M Sale Of Miami Office Building At 5505 Waterford District Drive

5505 Waterford District Dr

See Similar Deals
Office213,182 SF
Sold 12/18/2023
Marcos Minaya
Sean Kelly
+ 5
Contact now

Summary

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

CBRE has brokered the $68 million sale of 5505 Waterford, a recently renovated 213,182-square-foot office building located at 5505 Waterford District Drive in Miami's Waterford Business District. The undisclosed seller and buyer were represented by CBRE in this transaction.

Summary of transaction details:

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

The deal was facilitated by CBRE's team of brokers, including Amy Julian, Andrew Chilgren, Christian Lee, Marcos Minaya, Matthew Lee, Sean Kelly, Tom Rappa, and James Carr. These individuals represented the undisclosed seller and buyer in the sale of 5505 Waterford.

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

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

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

James Carr
CBRE
1 deal$68M volume(213) 613-3154
BROKER

Matthew Lee
CBRE
6 deals$319M volume(305) 381-6497
BROKER

Details

SOLD
IMAGE: Amy Julian, Matthew Lee, Tom Rappa, Christian Lee, Sean Kelly, Marcos Minaya, Andrew Chilgren & James Carr DATE: 12/18/2023 ADDRESS: 5505 Waterford District Drive MARKET: Miami ASSET TYPE: Office BROKERS: Amy Julian, Andrew Chilgren, Christian Lee, Marcos Minaya, Matthew Lee, Sean Kelly, Tom Rappa & James Carr- CBRE (@CBRE) SALE PRICE: $68,000,000 SF: 213,182 ~ PPSF: $319 NOTE: CBRE has brokered the $68 million sale of 5505 Waterford, a recently renovated 213,182-square-foot office building in Miami's Waterford Business District. The undisclosed seller and buyer were represented by CBRE.

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,626,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$241,589.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$322,354.69
Annual Debt Service$3,868,256.30