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Chariff Realty Group Facilitates $2.5M Sale Of Miami Industrial Property
SOLD
Florida
See Similar DealsIndustrial5,920 SF
Sold 11/30/2023
SOLD
Chariff Realty Group Facilitates $2.5M Sale Of Miami Industrial Property
266 Northeast 60th Street
See Similar DealsIndustrial5,920 SF
Sold 11/30/2023
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:
- 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.
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Deal Type
30 years
10 years
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
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