Jenna Cohen, Lyle Chariff, Mauricio Zapata & Juan Ortiz Of Chariff Realty Group Broker $1.8M Sale Of Miami Industrial Property
581 Northwest 54th Street
$1,800,000
$321/SF
Building Size
5,600 SF
Asset Type
Industrial
Closing
May 22, 2025
AI
A 5,600 square foot industrial building located at 581-595 Northwest 54th Street in Miami was sold for $1.8 million. The property is situated on a 10,800 square foot lot, reflecting a price per square foot of $321.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,800,000
- Square Footage: 5,600
- Address: 581-595 Northwest 54th Street
- Market: Miami
- Brokers: Jenna Cohen, Juan Ortiz, Lyle Chariff, and Mauricio Zapata
- Broker Agency: Chariff Realty Group
Chariff Realty Group played a key role in facilitating this deal, with Jenna Cohen, Lyle Chariff, Mauricio Zapata, and Juan Ortiz as the brokers representing the transaction.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93