Prime 32,000 SF Property In Wynwood Sells For $5.1 Million

Aug 21, 2013 No Comments by

Ari Dispenza of Mizrach Realty Associates represented the Buyer in the $5,150,000 sale of two Wynwood properties.

The adjacent buildings, located at 2200 & 2230 NW 2nd Avenue, were built in 1954 and total 32,000 square feet.

The Buyer, 243 Wynwood LLC, a subsidiary of New York City-based Abingdon Square Partners, plans to redevelop the property into multiple retail and office spaces. The Seller was represented by Shaul Banouz of Recom, LLC.

“The creativity and the interest that the artists, restaurants, cafés, and lounges bring to Wynwood continues to capture the attention of saavy investors.  It’s a very exciting time for the area,” said Dispenza.

Though there were developers in the area prior, now-deceased visionary developer Tony Goldman brought increased attention to the area as an arts district and international destination.  Interest in the area has since been amplified by Midtown and by the extraordinary developments in the neighboring Design District.

 

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Industry News, Miami-Dade County Office, Miami-Dade County Retail, Office, Retail
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