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1554 West Flagler Street

Leonardo J. Caraballo Esq. Acquires Retail Property In Miami For $1.35M With Alessandro Lima As Buyer's Rep
SOLDRetail

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

Alessandro Lima

Compass

Broker

$105M

vol

28 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93