Ruben Gonzalez & John Obando Acquire Retail Property In Miami For $9.4M
SOLD
$9,400,000
Florida
See Similar DealsRetail9,566 SF
Sold 10/04/2022
SOLD
Ruben Gonzalez & John Obando Acquire Retail Property In Miami For $9.4M
190 NW 42nd Ave, Miami, Florida 33126, United States
See Similar DealsRetail9,566 SF
Sold 10/04/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$982
Total Square Footage:9,566 SF
Transaction Type:Sale
The retail property located at 190 NW 42nd Avenue in Miami has been sold in a recent transaction. The property spans 9,566 square feet and was sold for a total price of $9,400,000, resulting in a price per square foot of $983. The sale was completed on October 4, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,400,000
- Address: 190 NW 42nd Avenue
- Market: Miami
The buyer of the property is Ruben Gonzalez and John Obando, while the sellers are Mike Mouriz and Enrique Puig. The transaction was facilitated by Jonathan De La Rosa from Marcus & Millichap. Linda Roth served as the attorney during the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$501,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,396.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,560.80
Annual Debt Service$534,729.55
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