Centner Academy Acquires Office Building In Miami From Babba Yesharim For $4.7M
3490 Northwest 2nd Avenue & 3442 Southwest 2nd Avenue
$4,700,000
$185/SF
Building Size
12,661 SF
Asset Type
Office
Closing
Jan 5, 2023
About this deal
AI
Babba Yesharim has sold the Wynwood 34 property in Miami for a record price of $4,700,000. The property consists of two parcels and features a 7660 SF warehouse. The sale was facilitated by Colliers International, with Virgilio Fernandez and Mitash Kripalani representing the seller.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,700,000
- Address: 3490 NW 2nd Ave & 3442 NW 2nd Ave
- Market: Miami
- Square Footage: 12,661 SF
- Price per Square Foot: $371
- Buyer: Centner Academy
- Seller: Babba Yesharim
- Brokers: Virgilio Fernandez & Mitash Kripalani - Colliers International
Colliers International is pleased to announce the successful sale of the Wynwood 34 property. This transaction represents a significant achievement for the seller, reaching a record sale price for their client. For further inquiries or assistance with property valuation and investment goals, interested parties can contact Virgilio Fernandez at (305) 613-4507.
On the Map
$4,700,000
$185/SF
Office
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Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93