Blue Lagoon Investments, LLC Sells Miami Office For $16.9M Via Cary Cohen & Manny Chamizo - Blanca Commercial Real Estate
5835 Blue Lagoon Drive, Miami, Florida 33126, United States
$16,900,000
$276/SF
Building Size
61,194 SF
Asset Type
Office
Closing
Oct 9, 2022
About this deal
AI
The office property located at 5835 Blue Lagoon Drive in Miami has been sold for a total price of $16,900,000. The property, owned by Blue Lagoon Investments, LLC, spans a total area of 61,194 square feet with a price per square foot of $276.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,900,000
- Address: 5835 Blue Lagoon Drive, Miami
- Market: Miami
- Asset Type: Office
The sale of this office property was facilitated by Cary Cohen and Manny Chamizo from Blanca Commercial Real Estate acting as the brokers representing the seller, Blue Lagoon Investments, LLC.
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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93