This portfolio presents a 19,650 SF three-parcel assemblage with approximately 26,274 SF leasable space by the south-eastern gateway into Wynwood’s Art & Entertainment District. With existing cash flow generated from leases at below market value, the property has tremendous upside potential to further increase revenues while benefiting from the imminent transformation of Wynwood’s SE Quadrant. Several significant new projects such as CIM Group’s Wynwood Square, with approximately 87,000 SF office & retail space as well as 257 apartments, and Quadrum Global’s fashionable Arlo Hotel, are located within only a block or two of the property. Current tenants in place-
MLS# | A11317463 |
---|---|
Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Active |
Year | 1938 |
Days On Site | 657 |
Listing Provided By | One Sotheby's International Re | Mina Taskiran |
SQ Feet | 26,274 |
---|---|
Building(s) | 3 |
Zoning | 6101 |
Acreage | 19650.00 |
State | FL |
---|---|
County | Miami Dade |
City | Miami |
Zip Code | 33127 |
Area | 31 |
Listing VS Median (in 33127) | |
Price: $18,500,000 low | high Med: $475,000 SqFt: 26,274 low | high Med: 1,632 $ / SqFt: $704 low | high Med: $291 On Site: 657 low | high Med: 359.000000 |