Updated Dec 4, 2024
Chariff Realty Group Facilitates $2.5M Sale Of Miami Industrial Property
266 Northeast 60th Street
$2,499,000
$422/SF
Building Size
5,920 SF
Asset Type
Industrial
Closing
Nov 30, 2023
About this deal
AI
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:
- Property Type: Industrial
- Transaction Amount: $2,499,000
- Address: 266 NE 60th Street
- Market: Miami
- Brokers: Jenna Cohen, Juan Ortiz, Lyle Chariff, and Mauricio Zapata - Chariff Realty Group
The transaction was facilitated by brokers Jenna Cohen, Lyle Chariff, Mauricio Zapata, and Juan Ortiz of Chariff Realty Group.
On the Map
$2,499,000
$422/SF
Industrial
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Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93