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4141 North Miami Avenue

Enrique Lopez Purchases Retail Space At 4141 North Miami Avenue For $5,500,000 From Stephen Tipton
SOLDRetail

Enrique Lopez Purchases Retail Space At 4141 North Miami Avenue For $5,500,000 From Stephen Tipton

4141 North Miami Avenue

$5,500,000

$345/SF

Building Size

15,901 SF

Asset Type

Retail

Closing

Jan 17, 2025

AI

The property involved in this transaction is a retail asset located at 4141 North Miami Avenue, Miami. The property encompasses a total of 15,901 square feet and was sold for a price of $5,500,000.00.

Summary of transaction details:

This transaction was spearheaded by broker Arthur Porosoff, who represented the parties involved. The buyer of the property is Enrique Lopez, while the seller is Stephen Tipton, indicating a successful exchange that engages notable individuals in the real estate market.

Players

Arthur Porosoff

Broker
Broker

Enrique Lopez

Buyer

$6.1M

vol

1 deal

Buyer

Stephen Tipton

Seller
Seller

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