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

Property Image
SOLD
$4,700,000
Babba Joshua Yesharim
Virgilio Fernandez
Mitash Kripalani

Florida

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Other12 SF
Sold 05/01/2023
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Property Image
SOLD

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

3490 Northwest 2nd Avenue, Miami, Florida 33127, United States

See Similar Deals
Other12 SF
Sold 05/01/2023
Babba Joshua Yesharim
Virgilio Fernandez
Mitash Kripalani
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$391,666
Total Square Footage:12 SF
Transaction Type:Sale

Babba Yesharim has sold a warehouse located at 3490 NW 2nd Ave & 3442 NW 2nd Ave in Miami. The property, known as Wynwood 34, consists of two parcels and features a 7,660 square foot warehouse. The sale was facilitated by Colliers International, with Virgilio Fernandez and Mitash Kripalani representing the seller. The transaction set a record price sale of $4,700,000.

Summary of transaction details

  • Property Type: Warehouse
  • Transaction Amount: $4,700,000
  • Square Footage: 7,660
  • Address: 3490 NW 2nd Ave & 3442 NW 2nd Ave, Miami
  • Market: Miami

Colliers International is pleased to announce the successful sale of Wynwood 34, a warehouse property in Miami. The transaction, facilitated by Virgilio Fernandez and Mitash Kripalani of Colliers International, achieved a record-breaking sale price of $4,700,000. This sale demonstrates Colliers' ability to assist owners and buyers in reaching their investment goals.

Players

Mitash Kripalani
Colliers
Mitash Kripalani
23 deals$137.6M volume
BROKER
Virgilio Fernandez
Cushman & Wakefield
Virgilio Fernandez
42 deals$222.9M volume(305) 613-4507
BROKER
CA
Centner Academy
BUYER
Babba Joshua Yesharim
Babba Joshua Yesharim
28 deals$107.5M volume
SELLER
Babba Joshua Yesharim
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: Warehouse BUYER: Centner Academy SELLER: Babba Yesharim (@Babbajoon) BROKERS: Virgilio Fernandez (@Vboundless) & Mitash Kripalani (@Mitash) - Colliers International (@ColliersInternational) SALE PRICE: $4,700,000 SF: 12,661 ~ PPSF: $371 PPBSF: $613 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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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$250,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77