Edwin Flores Purchases Development Site From Leo Morocho For $2.275M With Brokers Alessandro Lima & Alberto Diaz
Sw 137 St
$2,275,000
Building Size
—
Asset Type
Development Site
Closing
Oct 27, 2025
AI
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.
Players
Miami Springs Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93