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Jenna Cohen, Lyle Chariff, Mauricio Zapata & Juan Ortiz Of Chariff Realty Group Broker $1.8M Sale Of Miami Industrial Property
SOLD
Florida
See Similar DealsIndustrial5,600 SF
Sold 05/22/2025
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 DealsIndustrial5,600 SF
Sold 05/22/2025
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:
- 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.
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Deal Type
30 years
10 years
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
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