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
About this deal
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.
On the Map
$5,000,000
$469/SF
Office
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Players
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