Sandy Lopez And Enrique E. Lopez Acquire Retail Property From Sumit Roy For $3.95M
10871 Caribbean Boulevard
$3,950,000
$136/SF
Building Size
28,894 SF
Asset Type
Retail
Closing
Aug 25, 2026
About this deal
AI
A retail property located at 10871 Caribbean Boulevard in Cutler Bay, Miami, was sold for a total of $3,950,000. The property spans 28,894 square feet, translating to a price per square foot of $137.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,950,000
- Sale Date: August 25, 2026
- Buyer: Sandy Lopez & Enrique E. Lopez
- Seller: Sumit Roy - Realty Income Corp
- Square Footage: 28,894
- Price per Square Foot: $137
Sumit Roy represented Realty Income Corp in this transaction, facilitating the sale to buyers Sandy Lopez and Enrique E. Lopez, who acquired the asset in a straightforward deal.
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93