CBRE Brokers $68M Sale Of Miami Office Building At 5505 Waterford District Drive
5505 Waterford District Dr
$68,000,000
$319/SF
Building Size
213,182 SF
Asset Type
Office
Closing
Dec 18, 2023
AI
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
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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93