John Ruiz Acquires 550 Arvida Parkway In Coral Gables For $22M From Seller Leon Medical Centers
550 Arvida Parkway, Coral Gables, Florida 33156, United States
$22,000,000
$3,492/SF
Building Size
6,300 SF
Asset Type
Single Family Residence
Closing
Oct 17, 2022
AI
The single-family property located at 550 Arvida Parkway in Coral Gables has been sold for $22,000,000. This property spans an impressive 6,300 square feet and sits on a one-acre lot. The transaction took place on October 18, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $22,000,000
- Address: 550 Arvida Parkway, Coral Gables
- Market: Coral Gables
- Acres: 1
The buyer of the property is John Ruiz, while the seller is Leon Medical Centers, represented by Benjamin Leon Jr. The deal was facilitated by Alex Pirez from Mocca Realty. The price per square foot for this transaction was $3,492.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93