Marletta Marrerro Acquires Retail Asset From Christopher LLop For $2.15M In Miami
SOLD
$2,150,000
Florida
See Similar DealsRetail7,740 SF
Sold 08/29/2025
SOLD
Marletta Marrerro Acquires Retail Asset From Christopher LLop For $2.15M In Miami
35 Southwest 114th Avenue
See Similar DealsRetail7,740 SF
Sold 08/29/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$277
Total Square Footage:7,740 SF
Transaction Type:Sale
The property involved in the transaction is a retail building located at 35 Southwest 114th Avenue in Miami. It has a total square footage of 7,740 and was sold for $2,150,000, resulting in a price per square foot of $277. The building is currently fully occupied, making it an attractive investment opportunity.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,150,000
- Address: 35 Southwest 114th Avenue
- Market: Miami
- Square Feet: 7,740
- Price Per Square Foot: $277
- Buyer: Marletta Marrerro
- Seller: Christopher LLop
- Seller's Representative: Miguel Rodriguez & Samantha Noriega - Lifestyle International Realty
The key individuals involved in this transaction include buyer Marletta Marrerro and seller Christopher LLop, with Miguel Rodriguez and Samantha Noriega representing the seller through Lifestyle International Realty. This representation indicates a professional brokerage relationship in the sale of the commercial retail asset.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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