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
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