Marletta Marrerro Acquires Retail Asset From Christopher LLop For $2.15M In Miami
35 Southwest 114th Avenue
$2,150,000
$277/SF
Building Size
7,740 SF
Asset Type
Retail
Closing
Aug 28, 2025
AI
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
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93