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581 Northwest 54th Street

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

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:

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

Chariff Realty Group

Broker

$61.5M

vol

34 deals

Broker

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