Centner Academy Acquires Warehouse In Miami From Babba Yesharim For $4.7M
3490 Northwest 2nd Avenue, Miami, Florida 33127, United States
$4,700,000
$391,666/SF
Building Size
12 SF
Asset Type
Other
Closing
May 1, 2023
AI
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
Miami Other Market Snapshot
Boundary boundary · Other · 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