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Tucandela Group Acquires Industrial Asset In Wynwood For $9.2M

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SOLD
$9,200,000

Florida

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Industrial8,407 SF
Sold 04/29/2022
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Property Image
SOLD

Tucandela Group Acquires Industrial Asset In Wynwood For $9.2M

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

See Similar Deals
Industrial8,407 SF
Sold 04/29/2022
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$1,094
Total Square Footage:8,407 SF
Transaction Type:Sale

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
35 deals$193.4M volume
BROKER

Hector Antunez
6 deals$50.9M volume
BROKER

Bernardita Banfi
Metro 1 Commercial
8 deals$23.2M volume
BROKER

Details

SOLD
IMAGE: Hector Antunez, Bernardita Banfi, Juan Andres Nava, Dan Arev, Richard Serure, Brian Mejia & Joe Serure DATE: 04/29/2022 ADDRESS: 2445 N Miami Ave MARKET: Wynwood ASSET TYPE: Industrial BUYER: Tucandela Group - Brian Mejia SELLER: Link Real Estate NYC (@LinkNyRealty) - Dan Arev & Jameson Equities - Joe Serure & Richard Serure BUYER'S REP: Hector Antunez (@Mr_Ventures) - Metro 1 Commercial (@Metro1CRE) SELLER'S REP: Juan Andres Nava (@JuanAndresNavaCre), Bernardita Banfi (@DitaBanfi) - Metro 1 Commercial SALE PRICE: $9,200,000 SF: 8,407 ~ PPSF: $1,094

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$490,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32