Updated Oct 20, 2026
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
The property asset involved in this transaction is an industrial asset located at 275 NE 59 St in the Magic City market. It has a total square footage of 20,318 and was sold for a total of $7,200,000, equating to a price per square foot of $354.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Address: 275 NE 59 St
- Market: Magic City
- Square Footage: 20,318
- Price per Square Foot: $354
- Buyer: Jackie Chariff
- Seller: Raul Sanpedro & Jose Ruisanchez
- Buyer's Representative: Ernie Perez - Gridline Properties
- Seller's Representative: Pablo Rodriguez - Gridline Properties
The transaction involved key individuals including the buyer Jackie Chariff and the seller duo of Raul Sanpedro & Jose Ruisanchez. Both parties were represented by Ernie Perez and Pablo Rodriguez, who are affiliated with Gridline Properties, ensuring a professional approach to the deal.
On the Map
$7,200,000
$354/SF
Industrial
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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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93