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190 NW 42nd Ave, Miami, Flo...

Ruben Gonzalez & John Obando Acquire Retail Property In Miami For $9.4M
SOLDRetail

Ruben Gonzalez & John Obando Acquire Retail Property In Miami For $9.4M

190 NW 42nd Ave, Miami, Florida 33126, United States

$9,400,000

$982/SF

Building Size

9,566 SF

Asset Type

Retail

Closing

Oct 3, 2022

AI

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.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker

Enrique Puig

Seller

$25.9M

vol

3 deals

Seller

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93