Updated Jun 29, 2026
CIM Group Acquires Industrial Asset From Jesus Moreno For $1.5M In Miami
3398 Northwest 53rd Street
$1,500,000
$284/SF
Building Size
5,280 SF
Asset Type
Industrial
Closing
May 28, 2026
About this deal
AI
The property involved in this transaction is an industrial asset located at 3398 Northwest 53rd Street in the Miami market. The sale price for the property was $1,500,000, and it encompasses a total area of 5,280 square feet, equating to a price per square foot of $284.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 3398 Northwest 53rd Street
- Market: Miami
- Square Footage: 5,280
- Price per Square Foot: $284
- Buyer: CIM Group
- Seller: Jesus Moreno - Moreno Investment
- Seller's Representative: Wendy Sanchez - Charles Rutenberg Realty; Carlos Cardenas - The Cardenas Group Realty
The key figures in this transaction include the buyer, CIM Group, and the seller, Jesus Moreno, representing Moreno Investment. The seller was assisted by Wendy Sanchez from Charles Rutenberg Realty and Carlos Cardenas from The Cardenas Group Realty, who acted as representatives in the deal.
On the Map
$1,500,000
$284/SF
Industrial
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Players
Market 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93