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 Porosoff – Compass
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.
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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