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Studio Miami Partners Acquires Industrial Asset In Allapattah For $2.975M

2585 Northwest 21st Terrace
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This Industrial property located in FL was sold for $2,975,000 over 2 years ago. The broker of the deal was Raul Pino

An off-market warehouse deal in Allapattah has been closed by Studio Miami Partners. The industrial property, located at 2585 NW 21st Ter, was sold for a price of $2,975,000. With a total area of 10,924 square feet, the property has a price per square foot of $272. The transaction took place on 12/21/2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,975,000
  • Address: 2585 NW 21st Ter, Allapattah
  • Market: Allapattah

The buyer of the property is Studio Miami Partners, represented by Allen West. The seller, on the other hand, is Holderman Holdings, with Meg Holderman serving as their representative. The deal was facilitated by Raul Pino from The Hype Real Estate Group.

The Hype Real Estate Group specializes in sourcing off-market deals, and this particular transaction is noteworthy due to their relationship with both the buyer and the seller. Additionally, the buyer is a partnership partly owned by a well-known celebrity, as mentioned by @TheHypeRealEstateGroup in a note accompanying the Instagram post.

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Deals
  • Location
    2585 Northwest 21st Terrace, Miami, FL 331422585 Northwest 21st Terrace, Miami, FL 33142
  • Sale Price
    $2,975,000$2,975,000
    $272 PPSF$272 PPSF
  • Area
    10,924 SF10,924 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Raul Pino

Raul Pino

Deals19
Sold$105.1M

Agency

The Hype Real Estate Group

The Hype Real Estate Group

Agency
Deals40
Volume$193M

Social

Deal Summary

SALE IMAGE: Raul Pino DATE: 12/21/2021 ADDRESS: 2585 NW 21st Ter MARKET: Allapattah ASSET TYPE: Industrial BUYER: Studio Miami Partners - Allen West SELLER: Holderman Holdings - Meg Holderman BROKER: Raul Pino (@TheWolfofSouthFL) - The Hype Real Estate Group (@TheHypeRealEstateGroup) ASKING PRICE: $3,000,000 SALE PRICE: $2,975,000 SF: 10,924 ~ PPSF: $272 NOTE FROM @TheHypeRealEstateGroup: Off-market warehouse deal in growing Allapattah. We specialize in maximizing value for our clients by sourcing off-market deals. This deal is special to us because of our relationship with the seller and the buyer, who is a partnership partly owned by a well-known celebrity…

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2585 Northwest 21st Terrace

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