1900 NE Miami Ct - Office CONDO FOR SALE


Miami, FL 33132
$27,950,000 USD
786-946-1325
1900 NE Miami Ct, Miami, FL for Sale
$27,950,000 USD
Office CONDO - FOR SALE
1/27
null | 7.06% Cap Rate

1900 NE Miami Ct
Miami, FL 33132


HIGHLIGHTS

  • Rent Potential: Under-market rents with significant upside potential for future escalations.
  • Market Area: Located in one of Miami’s fastest-growing areas, renowned for attracting tech and creative sectors.
  • Investment Stability: Features a strong weighted average lease term (WALT), ensuring long-term profitability.
  • Core infill location at the intersection of Wynwood and Edgewater on North Miami Avenue.
  • Investment Appeal: A rare opportunity to acquire a high-yield asset in a dynamic and expanding market.

OVERVIEW

DWNTWN Realty Advisors has been exclusively retained to sell the Wynwood Sky Building, a Class A creative office space located in Miami's dynamic Wynwood district. This fully stabilized property includes the two upper floors of a three-story mixed-use building, encompassing 43,559 square feet of prime office space, and boasts a robust tenant roster including Aroma 360 and Monster Energy. It offers a 7.06% cap rate, presenting an attractive yield in today's market with considerable upside potential through future rent escalations. The property benefits from under-market rents, providing a substantial opportunity for rent growth aligned with the ongoing development and demand in one of Miami’s fastest-growing areas. With a strong weighted average lease term (WALT), this investment ensures long-term stability and profitability for prospective investors. Miami's Wynwood district is nationally recognized as a top submarket for tech and creative sectors, making this property a strategic asset amidst one of the great American urban growth narratives. This offering represents a rare chance to acquire a high-yield, well-positioned asset in a market poised for continued expansion and economic vibrancy.

FOR SALE DETAILS

PRICE

$27,950,000 USD

PRICE/SF

$642 USD /SF

CAP RATE

7.06%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Wynwood Sky Office Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

74,497 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

T6-8-O

APN/PARCEL ID

01-3136-097-0001

ASK ABOUT THIS PROPERTY

Tony ArellanoDWNTWN Realty AdvisorsMore Info
786-946-1325

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Tony ArellanoDWNTWN Realty AdvisorsMore Info
786-946-1325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.