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Price: $27,500,000

For Sale

Price: $27,500,000

2085-2121 NW 2ND AVENUE MIAMI, FL 33127

Description

Cash Flow in Miami has been retained exclusively to arrange the sale of 2121 Wynwood, 2085 NW 2nd Ave, and 172 NW 21st Street. This portfolio is located on NW 2nd Avenue, Wynwood's main high street. This investment represents a core plus NNN portfolio comprised of three folios with under market rents and surplus development and entitlement rights. The portfolio is located in the path of growth, footfall, and the densification of Wynwood Proper. Wynwood is one of the most exciting submarkets in the country, and is undergoing transformational development with over 26 buildings and 2.2 Billion in ongoing construction. Hallmarked as an outdoor walkable shopping and entertainment district, Wynwood is now transforming into a dynamic, office, residential, and hospitality submarket with institutional developers and investment funds deploying billions in recent capital and focus.


SALE PRICE $27,500,000

PRICE PSF $814.50

MARK TO MKT CAP RATE 5.76%

TYPE Mixed-use NNN


HIGHLIGHTS

  • STABILIZED CORE PLUS NNN INVESTMENTS
  • PROMINENT WYNWOOD LOCATION
  • MAIN NW 2ND AVENUE HIGH STREET
  • BELOW MARKET RENTS
  • SURPLUS DEVELOPMENT RIGHTS & ENTITLEMENTS
  • MULTI-TENANT, NEW CONSTRUCTION

SOLD
For Sell

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