Arthur Noriega Purchases Retail Properties In Miami From Carey M. Lopez For $5.9M
SOLD
$5,900,000
Florida
See Similar DealsRetail12,145 SF
Sold 12/15/2025
SOLD
Arthur Noriega Purchases Retail Properties In Miami From Carey M. Lopez For $5.9M
1340 Southwest 8th Street & 825 Southwest 13th Court
See Similar DealsRetail12,145 SF
Sold 12/15/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$485
Total Square Footage:12,145 SF
Transaction Type:Sale
The retail asset located at 1340 Southwest 8th Street & 825 Southwest 13th Court in the Miami market has been sold for $5,900,000. The property encompasses a total area of 7,359 square feet, resulting in a price per square foot of $801.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,900,000
- Sale Date: 12/15/2025
- Buyer: Arthur Noriega
- Seller: Carey M. Lopez
- Seller's Representative: Jonathan De La Rosa & Eduardo Toledo - Marcus & Millichap
This transaction involved key individuals, including Arthur Noriega as the buyer and Carey M. Lopez as the seller. The deal was facilitated by representatives Jonathan De La Rosa and Eduardo Toledo from Marcus & Millichap, reflecting their roles in this closed transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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