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2250 Northwest 2nd Avenue

Arbor Green, Inc Acquires Retail Asset In Wynwood, Miami For $8.25M
SOLDRetail

Arbor Green, Inc Acquires Retail Asset In Wynwood, Miami For $8.25M

2250 Northwest 2nd Avenue

$8,250,000

$2,651/SF

Building Size

3,111 SF

Asset Type

Retail

Closing

Sep 14, 2021

AI

Arbor Green, Inc has acquired a retail property located at 2032 N.W. 2nd Ave in Wynwood, Miami. The property spans 3,111 square feet and is situated on a lot measuring 13,000 square feet. The sale price for this transaction was $8,250,000, resulting in a price per square foot of $2,652 and a price per lot square foot of $635.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $8,250,000
  • Square Footage: 3,111
  • Lot Square Footage: 13,000
  • Price Per Square Foot: $2,652
  • Price Per Lot Square Foot: $635
  • Market: Wynwood, Miami

The buyer, Arbor Green, Inc, was represented by Sterling Equity Realty in the transaction. The seller, Rosie Studio, LLC, enlisted the services of John K. Crotty, David Duckworth, Berkley Bloodworth, Brian de la Fé, and Michael T. Fay from Avison Young as their representatives.

Players

John Crotty

Avison Young

Broker

$1.5B

vol

51 deals

Broker

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.92%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93