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10-318 NW 25th St, Wynwood,...

Updated Oct 29, 2024

Forte Capital Management Acquires Retail Property In Wynwood For $11.8M
SOLDRetail

Forte Capital Management Acquires Retail Property In Wynwood For $11.8M

10-318 NW 25th St, Wynwood, Miami, FL, USA

$11,800,000

$590/SF

Building Size

20,000 SF

Asset Type

Retail

Closing

Feb 28, 2021

About this deal

AI

Located in Wynwood, the property at 310-318 NW 25th St was recently sold in a retail transaction. The sale took place on March 1, 2021, and the asset encompasses approximately 20,000 square feet. The property was purchased for a total price of $11,800,000, resulting in a price per square foot of $590. The buyer in this transaction was Forte Capital Management, represented by Chaim Cahane, Dov Tepper, and Jon Krasner of 7G Realty. On the other side of the deal, the seller was East End Capital, represented by Jonathon Yormak.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,800,000
  • Address: 310-318 NW 25th St
  • Market: Wynwood
  • Buyer: Forte Capital Management - Chaim Cahane, Dov Tepper, Jon Krasner - 7G Realty
  • Seller: East End Capital - Jonathon Yormak
  • Square Footage: 20,000
  • Price per Square Foot: $590

The involvement of key individuals and companies in this transaction adds to its significance. Forte Capital Management, along with their representatives Chaim Cahane, Dov Tepper, and Jon Krasner from 7G Realty, acted as the buyers. On the other side, East End Capital was represented by Jonathon Yormak as the seller. This transaction highlights the active nature of the retail market in Wynwood.

On the Map

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$11,800,000

$590/SF

Retail

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Players

Jonathon Yormak

East End Capital

Seller

$566.7M

vol

5 deals

Seller
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Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $590 per square foot on a published $11.8M for 20,000 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.34%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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