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2021 Northwest 1st Place, W...

Sterling Equity Realty Represents Buyer In $11M Mixed-Use Sale In Wynwood, Miami
SOLDMixed-use

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

Chabeli Castillo

Liberty Commercial Realty

Broker

$19.9M

vol

7 deals

Broker

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