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1756 Northwest 23rd Street

Wynwood Architects Signs 5-Year NNN Lease With Zelcer Family For 20000 SF Industrial Space
LEASEDIndustrial

Wynwood Architects Signs 5-Year NNN Lease With Zelcer Family For 20000 SF Industrial Space

1756 Northwest 23rd Street

$18

$18/SF

Building Size

20,000 SF

Asset Type

Industrial

Closing

Aug 11, 2025

AI

This industrial asset is located at 1756 Northwest 23rd Street in Miami, with a lease term of 5 years under a NNN lease structure. The asking rent is set at $18 per square foot for a total of 20,000 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $18/ft
  • Lease Term: 5 years
  • Lease Type: NNN Lease
  • Landlord: Zelcer Family
  • Tenant: Wynwood Architects
  • Broker: Noah Ohayon - AXIOM Capital Advisors

Noah Ohayon of Axiom Capital Advisors successfully represented both the Zelcer Family and Wynwood Architects in this leasing transaction, marking a significant achievement in the Allapattah submarket.

Players

Noah Ohayon

AXIOM Capital Advisors

Broker

$174.1M

vol

18 deals

Broker
AXIOM Capital Advisors
AXIOM Capital AdvisorsBrokerage

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

881277.78%

Cash-on-Cash

-251871.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93