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560 Northwest 27th Street

David Lerner Of DWNTWN Realty Advisors Represents Lerner Family Properties In $2.85M Wynwood Acquisition
SOLDIndustrial

David Lerner Of DWNTWN Realty Advisors Represents Lerner Family Properties In $2.85M Wynwood Acquisition

560 Northwest 27th Street

$2,850,000

$646/SF

Building Size

4,410 SF

Asset Type

Industrial

Closing

Dec 16, 2025

AI

The property asset involved in the transaction is an industrial facility located at 560 Northwest 27th Street in Miami. The transaction was completed for a sale price of $2,850,000, encompassing a total area of 4,410 square feet, equating to a price per square foot of $646.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,850,000
  • Buyer: David Lerner - Lerner Family Properties
  • Seller: Mark Klinger
  • Broker: David Lerner - DWNTWN Realty Advisors
  • Date of Transaction: 12/17/2025
  • Market: Miami

Lerner Family Properties has acquired this property in the Wynwood Arts District, enhancing their existing assemblage to 21,000 square feet adjacent to the Wyn545 office building. This acquisition from a longtime neighbor highlights the Lerner family's established relationships in the community, which span more than 70 years, demonstrating their commitment to investing in Wynwood and attracting distinguished tenant concepts for the area.

Players

David Lerner

DWNTWN Realty Advisors

Broker

$15.4M

vol

6 deals

Broker
David Lerner

David Lerner

Buyer

$15.4M

vol

6 deals

Buyer

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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93