Updated Aug 14, 2025
Wynwood Architects Signs 5-Year NNN Lease With Zelcer Family For 20000 SF Industrial Space
1756 Northwest 23rd Street
Building Size
20,000 SF
Asset Type
Industrial
Closing
Aug 11, 2025
About this deal
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.
On the Map
Industrial
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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