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773 Northwest 21st Terrace

Chariff Realty Group Brokers $1.9 Million Sale Of Industrial Property In Miami
SOLDIndustrial

Chariff Realty Group Brokers $1.9 Million Sale Of Industrial Property In Miami

773 Northwest 21st Terrace

$1,900,000

$1,283/SF

Building Size

1,480 SF

Asset Type

Industrial

Closing

Jul 9, 2025

AI

The property asset involved in the transaction is located at 773 & 775 Northwest 21st Terrace in Miami. The sale price was recorded at $1,900,000. The industrial asset consists of a building with a total square footage of 1,480 square feet and occupies a combined lot size of 11,432 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,900,000
  • Square Footage: 1,480 SF
  • Price Per Square Foot: $1,284
  • Lot Size: 11,432 SF
  • Price Per Lot Square Foot: $166

The brokers involved in this transaction are Lyle Chariff, Mauricio Zapata, and William Ltaif, all representing Chariff Realty Group. They facilitated the sale of the property in Miami’s Allapattah neighborhood.

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93