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266 Northeast 60th Street

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

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

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:

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

Players

Mauricio Zapata

Chariff Realty Group

Broker

$61.5M

vol

34 deals

Broker

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