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4141 North Miami Avenue

Enrique Lopez Of Trendy Properties LLC Acquires Retail Property From Stephen Tipton For $5.5M
SOLDRetail

Enrique Lopez Of Trendy Properties LLC Acquires Retail Property From Stephen Tipton For $5.5M

4141 North Miami Avenue

$5,500,000

$345/SF

Building Size

15,901 SF

Asset Type

Retail

Closing

Jan 17, 2025

AI

The property asset involved in this transaction is a retail space located at 4141 North Miami Avenue in the Miami market. The sale price for this asset was $5,500,000, with a total square footage of 15,901, resulting in a price per square foot of $345.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,500,000
  • Address: 4141 North Miami Avenue
  • Market: Miami
  • Square Footage: 15,901
  • Price per Square Foot: $345
  • Buyer: Enrique Lopez – Trendy Properties LLC
  • Seller: Stephen Tipton – Centennial Bank
  • Broker: Arthur PorosoffCompass

Enrique Lopez, representing Trendy Properties LLC, completed the acquisition of the retail property from Stephen Tipton of Centennial Bank. The transaction was facilitated by broker Arthur Porosoff of Compass, who represented the seller throughout the deal.

Players

Arthur David Porosoff

POROSOFF

Broker

$180.7M

vol

25 deals

Broker

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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93