Livwrk Acquires Industrial Property In Wynwood For $20M From Seller Daniel Loeb
2050 North Miami Avenue, Miami, Florida 33127, United States
$20,000,000
Building Size
—
Asset Type
Industrial
Closing
Nov 3, 2022
AI
A 1-acre industrial property located at 2050 North Miami Avenue in the Wynwood market is currently under contract. The buyers, represented by LIVWRK - Asher Abehsera, are in the process of acquiring the property from the sellers, Daniel Loeb - Third Point, for a price of approximately $20,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,000,000 (Approx.)
- Address: 2050 North Miami Avenue
- Market: Wynwood
- Buyer: LIVWRK - Asher Abehsera
- Seller: Daniel Loeb - Third Point
Asher Abehsera, representing LIVWRK, and Daniel Loeb, representing Third Point, are the key individuals involved in this transaction.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93