Sterling Equity Realty Represents Buyer In $11M Mixed-Use Sale In Wynwood, Miami
2021 Northwest 1st Place, Wynwood, Miami, FL, USA
$11,000,000
$885/SF
Building Size
12,421 SF
Asset Type
Mixed-use
Closing
Jul 14, 2021
AI
The mixed-use property located at 2021, 2035, 2039, and 2041 NW 1st Place in Wynwood, Miami has been sold. The transaction was facilitated by Chabeli Castillo from United Realty Group, representing the seller, and Marc Sacheli from Sterling Equity Realty, representing the buyer.
Summary of transaction details:
- Property Type: Mixed-use
- Sale Price: $11,000,000
- Square Footage: 12,421
- Price per Square Foot: $886
- Market: Wynwood, Miami
The deal was finalized on July 15, 2021. The mixed-use property offers a diverse range of uses and amenities, making it an attractive investment opportunity. With a total area of 12,421 square feet, the property was sold at a price of $11,000,000, translating to a price per square foot of $886. The location of the property in the vibrant Wynwood market further adds to its appeal.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93