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2445 North Miami Avenue, Mi...

Tucandela Group Acquires Industrial Asset In Wynwood For $9.2M
SOLDIndustrial

Tucandela Group Acquires Industrial Asset In Wynwood For $9.2M

2445 North Miami Avenue, Miami, Florida 33127, United States

$9,200,000

$1,094/SF

Building Size

8,407 SF

Asset Type

Industrial

Closing

Apr 28, 2022

AI

The industrial property located at 2445 N Miami Ave in the Wynwood market has been sold for a price of $9,200,000. Spanning a total of 8,407 square feet, the asset was purchased by Tucandela Group, represented by Brian Mejia. The property was sold by Link Real Estate NYC, represented by Dan Arev, and Jameson Equities, represented by Joe Serure and Richard Serure.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,200,000
  • Address: 2445 N Miami Ave
  • Market: Wynwood
  • Buyer: Tucandela Group - Brian Mejia
  • Seller: Link Real Estate NYC - Dan Arev & Jameson Equities - Joe Serure & Richard Serure
  • Buyer's Rep: Hector Antunez - Metro 1 Commercial
  • Seller's Rep: Juan Andres Nava, Bernardita Banfi - Metro 1 Commercial
  • Square Footage: 8,407
  • Price per Square Foot: $1,094

Hector Antunez from Metro 1 Commercial represented the buyer, Tucandela Group, in the transaction. On the seller's side, Juan Andres Nava and Bernardita Banfi, also from Metro 1 Commercial, acted as the representatives for Link Real Estate NYC and Jameson Equities. This deal showcases the involvement of various individuals and companies in the successful sale of the industrial property in Wynwood.

Players

Juan Andres Nava

Metro 1 Commercial

Broker

$193.4M

vol

35 deals

Broker

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

1.72%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93