Wilhelmina Models Leases 2,000 SF Office Space In Wynwood House, Miami With Landlord Goldman Properties
1751, 1757 and 1775 Collins Avenue
Building Size
—
Asset Type
—
Closing
May 8, 2023
AI
Wilhelmina Models, a talent management agency, has secured a new location in Miami. The agency has relocated from its longtime Miami Beach spot to a 2,000-square-foot space at 331 Northwest 26th Street in Wynwood House. The property, managed by Goldman Properties, is part of the firm's portfolio and is situated in the thriving arts district of Wynwood. Goldman Properties has played a significant role in the transformation of Wynwood into an internationally renowned arts destination, with notable projects such as Wynwood Walls and Wynwood Garage.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 331 Northwest 26th Street, Miami
- Market: Miami
- Square Footage: 2,000
The leasing deal was facilitated by Juliette Gruener of Apex Capital Realty, who represented the tenant, Wilhelmina Models. Goldman Properties, represented by Jessica Goldman Srebnick and Scott Srebnick, acts as the landlord for the property. The move to Wynwood House enables Wilhelmina Models to benefit from the neighborhood's vibrant art scene and further expand its operations in Miami.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93