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3490 Northwest 2nd Avenue, ...

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

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

Mitash Kripalani

Colliers

Broker

$137.6M

vol

23 deals

Broker
CA
Centner AcademyBuyer
Babba Joshua Yesharim

Babba Joshua Yesharim

Seller

$107.5M

vol

28 deals

Seller

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