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Chariff Realty Group Facilitates $2.5M Sale Of Miami Industrial Property

Property Image
SOLD
$2,499,000
Mauricio Zapata
Lyle Chariff
+ 1

Florida

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Industrial5,920 SF
Sold 11/30/2023
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Property Image
SOLD

Chariff Realty Group Facilitates $2.5M Sale Of Miami Industrial Property

266 Northeast 60th Street

See Similar Deals
Industrial5,920 SF
Sold 11/30/2023
Mauricio Zapata
Lyle Chariff
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$422
Total Square Footage:5,920 SF
Transaction Type:Sale

In Miami, an industrial property located at 266 NE 60th Street (Unit 3) was recently sold for $2,499,000. The property spans a total area of 5,920 square feet and has a price per square foot of $422.

Summary of transaction details:

The transaction was facilitated by brokers Jenna Cohen, Lyle Chariff, Mauricio Zapata, and Juan Ortiz of Chariff Realty Group.

Players

Mauricio Zapata
32 deals$61.5M volume
BROKER

Lyle Chariff
Chariff Realty Group
32 deals$56.7M volume(305) 576-7474
BROKER

Juan Ortiz
Chariff Realty Group
5 deals$7.2M volume
BROKER

Jenna Cohen
Chariff Realty Group
8 deals$6.1M volume(786) 262-8279
BROKER

Details

SOLD
IMAGE: Jenna Cohen, Mauricio Zapata, Lyle Chariff & Juan Ortiz DATE: 11/30/2023 ADDRESS: 266 Northeast 60th Street MARKET: Miami ASSET TYPE: Industrial BROKERS: Jenna Cohen, Juan Ortiz (@JJ__Ortiz), Lyle Chariff (@LyleChariff) & Mauricio Zapata (@MauricioZapata_) - Chariff Realty Group (@Chariff) SALE PRICE: $2,499,000 SF: 5,920 ~ PPSF: $422 NOTE: In Miami, the industrial property at 266 NE 60th Street (Unit 3) was sold for $2,499,000. The transaction was facilitated by brokers Jenna Cohen, Lyle Chariff, Mauricio Zapata, and Juan Ortiz of Chariff Realty Group.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,279.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,878.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,846.53
Annual Debt Service$142,158.42