Edwin Flores Purchases Development Site From Leo Morocho For $2.275M With Brokers Alessandro Lima & Alberto Diaz
SOLD
$2,275,000
Florida
See Similar DealsDevelopment Site
Sold 10/28/2025
SOLD
Edwin Flores Purchases Development Site From Leo Morocho For $2.275M With Brokers Alessandro Lima & Alberto Diaz
Sw 137 St
See Similar DealsDevelopment Site
Sold 10/28/2025
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
The property involved in this transaction is a development site located at 15192 SW 137 ST in Miami. The sale price was set at $2,275,000. The deal was completed in an all-cash transaction and was listed and sold within 90 days.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,275,000
- Buyer: Edwin Flores
- Seller: Leo Morocho
- Brokers: Alessandro Lima & Alberto Diaz - Porosoff Group
This transaction was facilitated by brokers Alessandro Lima and Alberto Diaz representing the Porosoff Group. They have indicated interest in actively purchasing value-add retail properties across Florida. Interested parties can reach out to Alessandro Lima for swift engagement.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$121,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,082.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,784.66
Annual Debt Service$129,415.93
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