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Jenna Cohen, Lyle Chariff, Mauricio Zapata & Juan Ortiz Of Chariff Realty Group Broker $1.8M Sale Of Miami Industrial Property

Property Image
SOLD
$1,800,000
Mauricio Zapata
Lyle Chariff
+ 1

Florida

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Industrial5,600 SF
Sold 05/22/2025
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Property Image
SOLD

Jenna Cohen, Lyle Chariff, Mauricio Zapata & Juan Ortiz Of Chariff Realty Group Broker $1.8M Sale Of Miami Industrial Property

581 Northwest 54th Street

See Similar Deals
Industrial5,600 SF
Sold 05/22/2025
Mauricio Zapata
Lyle Chariff
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$321
Total Square Footage:5,600 SF
Transaction Type:Sale

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:

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

Mauricio Zapata
32 deals$61.5M volume
BROKER

Lyle Chariff
Chariff Realty Group
32 deals$56.7M volume(305) 576-7474
BROKER

Juan Ortiz
Chariff Realty Group
5 deals$7.2M volume
BROKER

Jenna Cohen
Chariff Realty Group
8 deals$6.1M volume(786) 262-8279
BROKER

Details

SOLD
IMAGE: Jenna Cohen, Lyle Chariff, Mauricio Zapata & Juan Ortiz DATE: 05/22/2025 ADDRESS: 581-595 Northwest 54th Street MARKET: Miami ASSET TYPE: Industrial BROKERS: Jenna Cohen, Juan Ortiz (@JJ__Ortiz), Lyle Chariff (@LyleChariff) & Mauricio Zapata (@MauricioZapata_) - Chariff Realty Group (@Chariff) SALE PRICE: $1,800,000 SF: 5,600 ~ PPSF: $321 NOTE: A 5,600 SF building on a 10,800 SF lot at 581-595 NW 54th St in Miami sold for $1.8M. Chariff Realty Group’s Jenna Cohen, Lyle Chariff, Mauricio Zapata, and Juan Ortiz brokered the deal.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02