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
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