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Centner Academy Acquires Office Building In Miami From Babba Yesharim For $4.7M

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SOLD
$4,700,000

Florida

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Office25,322 SF
Sold 01/05/2023
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Property Image
SOLD

Centner Academy Acquires Office Building In Miami From Babba Yesharim For $4.7M

3490 Northwest 2nd Avenue & 3442 Southwest 2nd Avenue

See Similar Deals
Office25,322 SF
Sold 01/05/2023
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$185
Total Square Footage:25,322 SF
Transaction Type:Sale

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.

Players

Mitash Kripalani
23 deals$137.6M volume
BROKER

Virgilio Fernandez
Cushman & Wakefield
42 deals$222.9M volume(305) 613-4507
BROKER

BUYER

Babba Joshua Yesharim
28 deals$107.5M volume
SELLER

Babba Joshua Yesharim
28 deals$107.5M volume
SELLER

Details

SOLD
IMAGE: Virgilio Fernandez & Babba Yesharim DATE: 01/05/2023 ADDRESS: 3490 NW 2nd Ave & 3442 NW 2nd Ave MARKET: Miami ASSET TYPE: Office BUYER: Centner Academy SELLER: Babba Yesharim BROKERS: Virgilio Fernandez (@Vboundless) & Mitash Kripalani (@Mitash) - Colliers International SALE PRICE: $4,700,000 SF: 12,661 ~ PPSF: $371 NOTE FROM BROKERS: Colliers is pleased to announce the sale of Wynwood 34. The site consists of two parcels and featured an 7660 SF warehouse. Colliers represented the seller, which produced a record price sale of $4,700,000 for their client. Let's have a conversation about your property's current value. Our team is able to assist owners and buyers in reaching their investment goals. Feel free to call Virglio at (305) 613-4507.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
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