Shaul Kuba And Avi Shemesh Acquire Mixed-Use Property In Miami's Wynwood Square For $71.2M
2201 N Miami Ave, Wynwood, Miami, FL, USA
$71,200,000
$813/SF
Building Size
87,502 SF
Asset Type
Mixed-use
Closing
Apr 2, 2019
About this deal
AI
Shaul Kuba and Avi Shemesh secured a loan for a mixed-use property in Wynwood Square, Miami. The property is located at 2201 North Miami Ave and spans 87,502 square feet. The loan was provided by Sumitomo Mitsui Banking Corp. The total loan amount is $71,200,000.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $71,200,000
- Date: 04/03/2019
- Market: Wynwood Square
- City: Miami
The landlords of the property are CIM Group and One Real Estate Investment.
The mixed use loan at 2201 N Miami Ave, Wynwood, Miami, FL, USA in Miami, Florida financed for $71.2M in 2019. The building is 87,502 square feet, implying about 813 per square foot on the published price. This page is the Miami, Florida file for the 2201 N Miami Ave, Wynwood, Miami, FL, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Miami sit in the Market section below. Filter that Miami mixed use set by closing date to see what else financed near 2201 N Miami Ave, Wynwood, Miami, FL, USA around 2019. Published consideration for 2201 N Miami Ave, Wynwood, Miami, FL, USA is $71.2M, dated 2019. Cite this Shaul Kuba And Avi Shemesh Acquire Mixed-Use Property In Miami's Wynwood Square For $71.2M loan when underwriting similar mixed use product around Miami, Florida.
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Miami Mixed-use Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93