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:
- 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.
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