Enrique Lopez Purchases Retail Space At 4141 North Miami Avenue For $5,500,000 From Stephen Tipton
4141 North Miami Avenue, 4141 North Miami Avenue, 4141 North Miami Avenue, 4141 North Miami Avenue, 4141 North Miami Avenue & 4141 North Miami Avenue
$5,500,000
$86/SF
Building Size
15,901 SF
Asset Type
Mixed-use
Closing
Jan 17, 2025
About this deal
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:
- Property Type: Retail
- Transaction Amount: $5,500,000.00
- Address: 4141 North Miami Avenue
- Market: Miami
- Square Footage: 15,901
- Buyer: Enrique Lopez
- Seller: Stephen Tipton
- Broker: Arthur Porosoff
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.
On the Map
$5,500,000
$86/SF
Mixed-use
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Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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