Leonardo J. Caraballo Esq. Acquires Retail Property In Miami For $1.35M With Alessandro Lima As Buyer's Rep
1554 West Flagler Street
$1,350,000
$412/SF
Building Size
3,274 SF
Asset Type
Retail
Closing
Mar 11, 2025
AI
The retail asset located at 1554 West Flagler Street in Miami has a sale price of $1,350,000. The property encompasses a total square footage of 3,274 and has a price per square foot of $412.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,350,000
- Address: 1554 West Flagler Street
- Market: Miami
- Square Footage: 3,274
- Price Per Square Foot: $412
- Buyer: Leonardo J. Caraballo, Esq.
- Seller: Mariann Klotz
- Buyer's Representative: Alessandro Lima - Fausto Commercial Realty Consultants
- Seller's Representative: Jesse Cox - Maddux & Co
Leonardo J. Caraballo, Esq. is the buyer in this transaction, while Mariann Klotz serves as the seller. The transaction involved Alessandro Lima representing the buyer and Jesse Cox representing the seller, bringing their expertise from Fausto Commercial Realty Consultants and Maddux & Co, respectively.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93