Blue Lagoon Investments, LLC Sells Miami Office For $16.9M Via Cary Cohen & Manny Chamizo - Blanca Commercial Real Estate
SOLD
$16,900,000
Florida
See Similar DealsOffice61,194 SF
Sold 10/10/2022
SOLD
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
See Similar DealsOffice61,194 SF
Sold 10/10/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$276
Total Square Footage:61,194 SF
Transaction Type:Sale
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
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$901,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,042.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,114.62
Annual Debt Service$961,375.46
Is there something missing? Send suggestions