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2050 North Miami Avenue, Mi...

Livwrk Acquires Industrial Property In Wynwood For $20M From Seller Daniel Loeb
SOLDIndustrial

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

L
LIVWRKBuyer
TP
Third PointSeller

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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