Updated Oct 28, 2024
Rommey Bahhur Acquires Mixed-use Property In Wynwood For $7.1M
164 Northwest 20th Street, Miami, Florida 33127, United States
$7,100,000
$381/SF
Building Size
18,633 SF
Asset Type
Industrial
Closing
Jun 12, 2022
About this deal
AI
A mixed-use property located at 164 NW 20th St in Wynwood has been sold for $7,100,000. The property spans 20,682 square feet, resulting in a price per square foot of $343. The transaction took place on June 13, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,100,000
- Address: 164 NW 20th St
- Market: Wynwood
- Square Footage: 20,682
Rommey Bahhur purchased the property from Creative Lofts. The deal was facilitated by DWNTWN Realty Advisors, with Devlin Marinoff, Tony Arellano, and David Richman representing the buyer.
Players
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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93