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868 NW 21st Terrace Miami, ...

Chariff Realty Group Brokers Sell Miami Industrial Property For $7M - Zapata, Guevara & Chariff
SOLDIndustrial

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

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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93