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

Property Image
SOLD
$8,250,000
Michael Fay
John Crotty
David Duckworth
+ 2

Florida

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Retail3,111 SF
Sold 09/14/2021
the dealplayerscompscontact
Property Image
SOLD

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

2250 Northwest 2nd Avenue

See Similar Deals
Retail3,111 SF
Sold 09/14/2021
Michael Fay
John Crotty
David Duckworth
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$2,651
Total Square Footage:3,111 SF
Transaction Type:Sale

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
John Crotty
51 deals$1.5B volume(305) 345-9567
BROKER
Michael Fay
Avison Young
Michael Fay
49 deals$1.4B volume(305) 447-7842
BROKER
Berkley Bloodworth
Avison Young
Berkley Bloodworth
12 deals$146.2M volume
BROKER
David Duckworth
Avison Young
David Duckworth
44 deals$1.2B volume
BROKER
Brian de la Fé
Avison Young
Brian de la Fé
46 deals$1.3B volume(305) 476-7134
BROKER

Details

SOLD
IMAGE: John K. Crotty, Brian de la Fé, David Duckworth, Berkley Bloodworth & Michael T. Fay DATE: 09/14/2021 ADDRESS: 2032 N.W. 2nd Ave MARKET: Wynwood, Miami ASSET TYPE: Retail BUYER: Arbor Green, Inc SELLER: Rosie Studio, LLC BUYER'S REP: Sterling Equity Realty SELLER'S REP: John K. Crotty, David Duckworth, Berkley Bloodworth, Brian de la Fé & Michael T. Fay - Avison Young SALE PRICE: $8,250,000 SF: 3,111 ~ PPSF: $2,652 LOT SF: 13,000 ~ PPLSF: $635

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$439,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
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