Chariff Realty Group Brokers Sell Miami Industrial Property For $7M - Zapata, Guevara & Chariff
868 NW 21st Terrace Miami, FL 33127, USA
$7,000,000
$320/SF
Building Size
21,840 SF
Asset Type
Industrial
Closing
May 31, 2023
AI
The industrial property located at 868 Northwest 21st Terrace in Miami has been sold for $7,000,000. The property spans 21,840 square feet, resulting in a price per square foot of $321. Additionally, the lot size is 45,700 square feet, equating to a price per square foot of $153.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Square Footage: 21,840
- Price per Square Foot: $321
- Lot Size: 45,700 square feet
- Price per Lot Square Foot: $153
The sale of the property was facilitated by Lyle Chariff, Mauricio Zapata, and Luis Guevara from Chariff Realty Group.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93