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299 Sw 17th Rd

Francisco Marmol Acquires Retail Property At 299 Sw 17th Rd Miami For $2,500,000
SOLDRetail

Francisco Marmol Acquires Retail Property At 299 Sw 17th Rd Miami For $2,500,000

299 Sw 17th Rd

$2,500,000

$603/SF

Building Size

4,143 SF

Asset Type

Retail

Closing

Sep 14, 2023

AI

The property asset involved in this transaction is located at 299 Sw 17th Rd, Miami. This retail space has a total square footage of 4,143 and was sold for $2,500,000.00.

Summary of transaction details:

The key individuals involved in this deal include Francisco Marmol, who is the buyer, and Jesus Lopez, the seller. The transaction was facilitated by brokers Arthur Porosoff and Javier Ubeda, representing the interests of the respective parties in this closed property transaction.

Players

Arthur Porosoff

Broker
Broker

Francisco Marmol

Buyer

$15.3M

vol

3 deals

Buyer

Jesus Lopez

Seller

$2.6M

vol

1 deal

Seller

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93