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Founders Fund & OpenStore Lease Office Space At The Annex Wynwood In Miami

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LEASED
Tony Arellano
Matthew Goodman
+ 2

Florida

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Office11,792 SF
Leased 03/29/2021
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Property Image
LEASED

Founders Fund & OpenStore Lease Office Space At The Annex Wynwood In Miami

215 Northwest 24th Street, Wynwood, Miami, FL, USA

See Similar Deals
Office11,792 SF
Leased 03/29/2021
Tony Arellano
Matthew Goodman
+ 2
Contact now

Summary

FLORIDA
Asset Type:Office
Total Square Footage:11,792 SF
Transaction Type:Lease

The Annex Wynwood, located at 215 NW 24th Street in Wynwood, Miami, has recently completed a lease transaction for office space. The property, spanning 11,792 square feet, has attracted notable tenants Founders Fund and OpenStore.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 03/29/2021
  • Market: Wynwood, Miami
  • Asking Rent: $57/ft.
  • Address: 215 NW 24th Street, Miami

Founders Fund, a venture capital firm, has secured the entire 8th floor of The Annex Wynwood, encompassing over 6,500 square feet of space. On the 4th floor, OpenStore, a boutique e-commerce platform, has leased approximately 5,000 square feet. Both tenants have chosen this location to join the growing community of tech companies flocking to South Florida for its favorable tax structures, skilled workforce, and sunny climate. The lease transaction was facilitated by Tony Arellano, Matthew Goodman, Jeff Gordon, David Lerner, and Adam Bernstein, A.P.A, from Dwntwn Realty Advisors.

This lease deal is a testament to the thriving tech sector in Miami, with prominent firms like Founders Fund and OpenStore expanding their presence in the area. The addition of these companies further solidifies Wynwood's reputation as a destination for innovative businesses.

Players

David Lerner
6 deals$15.4M volume
BROKER

Jeffrey (Jeff) Gordon
CBRE
8 deals
BROKER

Matthew Goodman
CBRE
6 deals
BROKER

Tony Arellano
DWNTWN Realty Advisors
152 deals$1.6B volume
BROKER

Adam Bernstein
JLL
7 deals
BROKER

Related Group
LANDLORD

Details

LEASED
IMAGE: Tony Arellano & Adam Bernstein DATE: 03/29/2021 ADDRESS: The Annex Wynwood - 215 NW 24th Street MARKET: Wynwood, Miami ASSET TYPE: Office TENANT: Founders Fund & OpenStore LANDLORD: Related Group & EastEnd Capital BROKERS: Tony Arellano, Matthew Goodman, Jeff Gordon, David Lerner & Adam Bernstein, P.A. - Dwntwn Realty Advisors ASKING RENT: $57/ft. SF: 11,792 NOTE FROM BROKER: Venture capital firm, Founders Fund is planting its flag at Miami’s Wynwood ANNEX, taking the entire 8th floor with over 6,500 SF of space. OpenStore, a boutique e-commerce platform has taken over 5,000 SF on the 4th floor. They will be joining the growing movement of high-profile tech firms flocking to South Florida for its pro-business tax structures, talent, and sunny skies. DWNTWN Realty Advisors continues to facilitate the tech boom in Miami.

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Deal Type
Effective Rent (Annual)

$675,910.32

Total Lease Value

$6,759,103.24

Net Landlord Cash Flow$675,910.32