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:
- Property Type: Retail
- Transaction Amount: $2,500,000.00
- Address: 299 Sw 17th Rd
- Market: Miami
- Buyer: Francisco Marmol
- Seller: Jesus Lopez
- Brokers: Arthur Porosoff, Javier Ubeda
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
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