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Warehouse Sale in Wynwood, Miami at 2920 NW 5th Ave for $3,980,000
Successful Sale of 2920 NW 5th Ave
This success story from Wynwood, Miami, shows the power of smart commercial real estate investments. We facilitated the $3.98M sale of a prime warehouse at 2920 NW 5th Ave, and the details behind it reveal why demand in this neighborhood keeps climbing.
Sale Overview
We are thrilled to announce the successful sale of 2920 NW 5th Ave, a premier warehouse property in the heart of Wynwood, Miami. Our firm played a pivotal role in facilitating this transaction.
Price: $3,980,000
Address: 2920 NW 5th Ave, Wynwood, Miami
Asset Class: Warehouse
Price per square foot: $173.04
Building Specifications
The warehouse at 2920 NW 5th Ave boasts significant advantages, making it a valuable investment in the Wynwood area.
Year Built: 1966
Stories: 2
Lot Size: 0.31 acres
Building Size: 19,567 sq. ft.
Zoning: T6-8 O - Urban Core Transect Zone
Location Benefits
The Wynwood neighborhood is renowned for its vibrant arts scene and dynamic cultural landscape.
Nearby Attractions: Wynwood Walls, Art Galleries
Transportation: Close proximity to major highways and public transit options
Neighborhood Highlights: High walk score of 94, known for trendy cafes and creative spaces
Sale Details
This transaction reflects the growing demand for properties in Wynwood, a locale recognized for its transformative growth and cultural significance.
Seller: Sang Lee
Buyer: Goodgame Levene Llp
Seller Type: Private Investor
Market Analysis
The Wynwood area continues to experience a surge in commercial investment, driven by its reputation as a cultural hub.
Market Trend: Increasing demand for mixed-use and creative spaces
Investment Appeal: Strategic location with robust growth potential
Future Outlook: Continuous rise in property values and investor interest
Conclusion
This sale highlights the increasing value of industrial properties in strategic locations like Airport East. The transaction not only underscores the property’s unique attributes but also emphasizes my company's role and expertise in navigating and securing successful real estate deals in the dynamic Miami market.
For inquiries or further information, please contact our office.
Christian Peter
Founder of Dark Horse Commercial Real Estate, a Miami-based firm specializing in income-generating commercial properties.
With 20+ years in the business, he’s helped clients buy, sell, and invest across Industrial, Multi-Family, Retail, and Office assets.
Assistance Hours
Mon – Fri 9:00am – 5:00pm
Phone Number:
(305) 987-3053
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Assistance Hours
Mon – Fri 9:00am – 4:00pm
Phone Number:
(305) 987-3053
