Babba Joshua Yesharim Acquires Industrial Property In Allapattah For $3M

The industrial property located at 2901, 2915 NW 7th Avenue & 685 NW 29 Street in Allapattah has been sold for a price of $3,000,000. The property spans across 3,536 square feet with a price per square foot of $848. The lot size is 15,459 square feet, with a price per lot square foot of $194.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $3,000,000
• Square Footage: 3,536
• Price per Square Foot: $848
• Lot Size: 15,459 square feet
• Price per Lot Square Foot: $194

The buyer of the property is Babba Joshua Yesharim and the seller is Doug Levine. The deal was facilitated by Jonathan Eismann from Gridline Properties.

Note: According to Gridline Properties, this off-market transaction consists of 3 contiguous folios and marks the 15th sale of commercially zoned properties in this high-traffic mini-sector of the NW 7 Ave corridor. The area is located on the west side of Wynwood and has seen significant growth in vertical density over the past 24 months. As demand for accessible service area real estate continues to increase due to the growth of Wynwood, the supply is expected to dwindle, resulting in a rise in property values.