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275 Ne 59 St

Updated Sep 9, 2024

Jackie Chariff Acquires Industrial Property On NE 59 St In Magic City For $7.2M
SOLDIndustrial

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.

Players

Ernie Perez

Gridline Properties

Broker

$69.9M

vol

20 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $354 per square foot on a published $7.2M for 20,318 square feet (2023).

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Browse Florida industrial sales on Traded.

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

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