Livwrk Acquires Industrial Property In Wynwood For $20M From Seller Daniel Loeb
SOLD
$20,000,000
Florida
See Similar DealsIndustrial
Sold 11/03/2022
SOLD
Livwrk Acquires Industrial Property In Wynwood For $20M From Seller Daniel Loeb
2050 North Miami Avenue, Miami, Florida 33127, United States
See Similar DealsIndustrial
Sold 11/03/2022
Summary
FLORIDA
Asset Type:Industrial
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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