Turnberry Associates Purchases Industrial Property In Wynwood, Miami For $13.1 Million

Located in Wynwood, Miami, the industrial property at 128, 138 NW 25th Street, 127 & 135 NW 24th Street, was recently sold for $13,100,000. Spanning 28,500 square feet, the property was acquired at a price of approximately $460 per square foot, in a transaction between 128 Properties LLC and Turnberry Associates, represented by Luis Bacardi and Rock Soffer, respectively. The property transaction was facilitated by lender Terrabank.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $13,100,000
• Buyer: Turnberry Associates - Rock Soffer
• Seller: 128 Properties LLC - Luis Bacardi
• Lender: Terrabank
• Address: 128, 138 NW 25th Street, 127 & 135 NW 24th Street
• Market: Wynwood, Miami
• SF: 28,500
• PPSF: $460

Rock Soffer, representing Turnberry Associates, and Luis Bacardi from 128 Properties LLC, were the key individuals involved in the sale of the industrial property. The deal underscores the strategic moves made by these parties in the Wynwood real estate market, further solidifying their positions in the industry.