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951 Southwest 42nd Avenue

Moises Gross Acquires Coral Gables Office Building From Alberto Aran For $5M
SOLDOffice

Moises Gross Acquires Coral Gables Office Building From Alberto Aran For $5M

951 Southwest 42nd Avenue

$5,000,000

$469/SF

Building Size

10,643 SF

Asset Type

Office

Closing

Jan 26, 2023

AI

The property involved in this transaction is an office located at 951 Southwest 42nd Avenue in Coral Gables. It has a total square footage of 10,643 and was sold for a price of $5,000,000, resulting in a price per square foot of $470.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,000,000
  • Square Footage: 10,643
  • Address: 951 Southwest 42nd Avenue, Coral Gables
  • Market: Coral Gables

The buyer in this transaction was Moises Gross, while Alberto Aran was the seller. The deal was facilitated by Alex Suarez and Joel Rodriguez from Global Investments Realty.

Players

Alex Suarez

Global Investments Realty

Broker

$175.4M

vol

10 deals

Broker

Coral Gables 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93