Arthur Noriega Purchases Retail Properties In Miami From Carey M. Lopez For $5.9M
1340 Southwest 8th Street & 825 Southwest 13th Court
$5,900,000
$485/SF
Building Size
12,145 SF
Asset Type
Retail
Closing
Dec 14, 2025
AI
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.
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93