55 Miracle Mile

Location: Coral Gables, FL
Type: Mixed Use
Price: $25,000,000

SMC has provided a $25,000,000 loan to refinance 55 Miracle Mile, a 4-story, 65,242 SF Class A office/retail property located in the central business district of Coral Gables, FL approximately 4 miles southwest of the Miami, FL central business district. The Property, along with the adjacent 184 residential condominium units, was built in 2004 and at closing was 96% leased to 19 tenants.