Wyncatcher 2143 NW First Ave 40,591 SF 100% Leased 4-Star Office Building Miami, FL 33127 $52,627,191 CAD ($1,296.52 CAD/SF)

DWNTWN Realty Advisors is pleased to exclusively present The Wyncatcher — Phase I (the "Property" or the "Offering"), a 40,591 square foot, single-tenant NNN creative office asset located at 2143 NW 1st Avenue in Miami's Wynwood Arts District. Delivered in 2024 as a partial adaptive reuse of a 1949 industrial building and partial new-construction, the Property was purpose-built and designed by internationally acclaimed architecture firm Arquitectonica, featuring a hand-carved concrete facade by renowned Portuguese artist Alexandre Farto (Vhils), and comprises two stories of premier workspace plus an activated rooftop terrace.
The Property is 100% leased to 2143 NW 1st Avenue, LLC — a Knotel operating entity and subsidiary of Newmark & Company Real Estate, Inc. (NASDAQ: NMRK) — under a long-term NNN Operations Agreement with approximately 5.5 years of remaining term and a 3.5-year renewal option. Knotel operates the building as its first U.S. Work Club, a hospitality-driven, members-only concept modeled after its flagship Old Sessions House in London, featuring private offices, open workspaces, a full-service restaurant and bar operated by Cotidiano Group, and an activated rooftop terrace. The lease is structured as a true triple-net Operations Agreement under which the tenant is responsible for 100% of taxes, insurance, maintenance, management, and all property charges, leaving ownership with zero operating expense exposure.
The Wyncatcher represents a rare opportunity to acquire a stabilized, institutionally-tenanted creative office asset delivering in-place NOI of $1,936,493 with 3% annual escalations through expiration, in-place rents meaningfully below prevailing Wynwood market levels, and a one-of-a-kind physical asset in one of Miami's most supply-constrained and high-demand submarkets — offering investors durable cash flow, built-in mark-to-market upside, and significant long-term value creation potential.