Updated Sep 9, 2024
Jackie Chariff Acquires Industrial Property On NE 59 St In Magic City For $7.2M
275 Ne 59 St
$7,200,000
$354/SF
Building Size
20,318 SF
Asset Type
Industrial
Closing
Mar 6, 2023
About this deal
AI
Located at 275 NE 59 St in the Magic City market, this industrial property was recently sold in a closed transaction. Spanning a total square footage of 20,318, the property was sold for a total price of $7,200,000, resulting in a price per square foot of $354. The transaction took place on 03/06/2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Address: 275 NE 59 St
- Market: Magic City
- Buyer: Jackie Chariff
- Seller: Raul Sanpedro & Jose Ruisanchez
- Buyer's Representative: Ernie Perez - Gridline Properties
- Seller's Representative: Pablo Rodriguez - Gridline Properties
The buyer, Jackie Chariff, was represented by Ernie Perez from Gridline Properties, while the seller, Raul Sanpedro and Jose Ruisanchez, was represented by Pablo Rodriguez, also from Gridline Properties. This significant transaction highlights the involvement of these key individuals and companies.
Market 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93