ABH Developer Group Relocates Headquarters To Astra Building In Wynwood
2121 NW 2nd Ave Miami, FL 33127, USA
$49
$49/SF
Building Size
1,334 SF
Asset Type
Office
Closing
Aug 1, 2023
AI
The Astra Building in Wynwood, Miami has recently seen a new tenant take up residence. ABH Developer Group, the largest property owner in the Wynwood Norte District, has relocated its headquarters to this boutique Wynwood office. Located at 2121 NW 2nd Avenue, this office space offers a total of 1,334 square feet and is situated in the heart of the vibrant Wynwood neighborhood.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $49.1/ft
- Address: 2121 NW 2nd Avenue, Miami
- Market: Miami
The lease agreement was facilitated by Ariel Teodoro Hollender of Compass, who represented ABH Developer Group in this deal. Steve Rhodes, the landlord of the Astra Building, welcomed the reputable development firm as its new tenant. With this move, ABH Developer Group is positioned to further strengthen its presence in the Wynwood Norte District.
Ariel Teodoro Hollender, acting as the broker for ABH Developer Group, expressed his pride in representing his client in securing this office lease in Wynwood Miami. The Astra Building provides an excellent location for ABH Developer Group's new headquarters, enabling the firm to continue its growth and success in the thriving Wynwood neighborhood.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
323734.69%
Cash-on-Cash
-92524.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93