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Clearline Real Estate Acquires Development Site In Wynwood, Miami For $19.1M

Property Image
SOLD
$19,100,000

Florida

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Industrial1,056 SF
Sold 03/31/2022
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Property Image
SOLD

Clearline Real Estate Acquires Development Site In Wynwood, Miami For $19.1M

2000 North Miami Avenue, Miami, Florida 33127, United States

See Similar Deals
Industrial1,056 SF
Sold 03/31/2022
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$18,087
Total Square Footage:1,056 SF
Transaction Type:Sale

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.

Players

Juan Andres Nava
35 deals$193.4M volume
BROKER

BUYER

Details

SOLD
IMAGE: Juan Andres Nava & Jenny Bernell DATE: 03/31/2022 ADDRESS: 2000 N Miami Ave MARKET: Wynwood, Miami ASSET TYPE: Development Site BUYER: Clearline Real Estate - Jenny Bernell BROKER: Juan Andres Nava (@JuanAndresNavaCRE) - Metro 1 Commercial (@Metro1cre) SALE PRICE: $19,100,000 BSF: 504,877 ~ PPBSF: $38 SF: 60,137 ~ PPSF: $318

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$67,858.26
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