Updated Oct 28, 2024
Clearline Real Estate Acquires Development Site In Wynwood, Miami For $19.1M
2000 North Miami Avenue, Miami, Florida 33127, United States
$19,100,000
$18,087/SF
Building Size
1,056 SF
Asset Type
Industrial
Closing
Mar 30, 2022
About this deal
AI
A development site in Wynwood, Miami, located at 2000 N Miami Ave, has been sold for a total price of $19,100,000. The property spans across 60,137 square feet and has a price per square foot of $318. The buyer of the site is Clearline Real Estate, represented by Jenny Bernell, and the broker involved in the transaction is Juan Andres Nava from Metro 1 Commercial.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $19,100,000
- Address: 2000 N Miami Ave
- Market: Wynwood, Miami
- Square Footage: 60,137
- Price per Square Foot: $318
- Buyer: Clearline Real Estate - Jenny Bernell
- Broker: Juan Andres Nava - Metro 1 Commercial
This sale represents a significant transaction in the Wynwood market, demonstrating the ongoing development and investment activities in the area. The involvement of Clearline Real Estate and its representative, Jenny Bernell, showcases their interest in acquiring properties in the dynamic Wynwood neighborhood. The deal was facilitated by the broker Juan Andres Nava from Metro 1 Commercial, who played a pivotal role in connecting the buyer and the seller.
On the Map
$19,100,000
$18,087/SF
Industrial
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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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93