SOLDOffice
Baptist Health South Florida Acquires Office Building In Coral Gables For $39 Million
6855 Red Road
$39,000,000
$314/SF
Building Size
124,168 SF
Asset Type
Office
Closing
Oct 8, 2026
About this deal
AI
The office asset involved in the transaction is located at 6855 Red Road in Coral Gables, FL. The building encompasses a total square footage of 124,168, with a sale price of $39,000,000. It features 47,732 square feet of leasable office space and includes a parking garage that accommodates 122 vehicles.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $39,000,000
- Buyer: Bo Boulenger - Baptist Health South Florida
- Seller: Jorge Gonzalez - City National Bank of Florida
- Price per Square Foot: $314
- Leasable Office Space: 47,732 sq. ft.
- Parking Spaces: 122
In this transaction, Bo Boulenger represented Baptist Health South Florida as the buyer, while Jorge Gonzalez represented City National Bank of Florida as the seller. Baptist Health has not disclosed its plans for the acquired property.
On the Map
$39,000,000
$314/SF
Office
View full map
Players
South Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Bo Boulenger to view all their deals.
Browse South Miami office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93