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Mixed-Use Wynwood Investment 2920 NW 5th Ave 24,188 SF 61% Leased Office Building Miami, FL 33127 $20,799,209 CAD ($859.90 CAD/SF) 6.73% Cap Rate
INVESTMENT HIGHLIGHTS
- Class A Creative Mixed-Use Wynwood Building
- Steps from Central Wynwood Including Pastis, Zak the Baker & NW 2nd Ave
- Creative Office and Retail Spaces with Gated On-Site Parking
EXECUTIVE SUMMARY
DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 2920 NW 5th Avenue, a fully renovated mixed-use building located in the heart of Wynwood. This 19,567 SF asset features a blend of office and retail suites with modern creative buildouts, gated parking, and prominent frontage along NW 5th Avenue. Positioned just steps from Wynwood’s main pedestrian corridors and some of Miami’s top dining and retail concepts, the property offers investors the opportunity to acquire a stabilized cash-flowing building in one of the country’s most dynamic urban submarkets. With tenants in place and strong leasing momentum, this asset is ideal for a long-term hold or a covered land play for future redevelopment. This asset will produce strong rental rate growth and provide substantial upside to cashflow as the rent roll matures.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
24,188 SF
Building Class
B
Year Built/Renovated
1966/2021
Price
$20,799,209 CAD
Price Per SF
$859.90 CAD
Cap Rate
6.73%
NOI
$1,399,787 CAD
Percent Leased
61%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,094 SF
Building FAR
1.07
Lot Size
0.52 AC
Zoning
T6-8 O - Urban Core Transect Zone 8 story max with mixed use
Parking
24 Spaces (0.99 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
- Signage
- Open-Plan
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- CJ Grant
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| CJ Grant | - | - | - | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 102
- 2,799 SF
- Retail
- -
- Now
- 2nd Fl-Ste 205
- 2,722 SF
- Office
- -
- Now
- 2nd Fl-Ste 206
- 3,946 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 102 | 2,799 SF | Retail | - | Now |
| 2nd Fl-Ste 205 | 2,722 SF | Office | - | Now |
| 2nd Fl-Ste 206 | 3,946 SF | Office | - | Now |
1st Fl-Ste 102
| Size |
| 2,799 SF |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 205
| Size |
| 2,722 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 206
| Size |
| 3,946 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $3,879,867 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,879,867 CAD
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Mixed-Use Wynwood Investment | 2920 NW 5th Ave
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