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2143 Northwest 1st Avenue
Miami, FL 33127
Asking Price
$38.50M
Asset Type
Creative Office Office
Class
Class B
What's Special
40,591 SF OF CLASS A CREATIVE OFFICE BUILDING IN THE HEART OF WYNWOOD, MIAMI <p>100% Leased to Knotel on a Long-Term NNN Lease</p><p>Institutional-Grade Guaranty by Newmark & Company Real Estate (NASDAQ: NMRK)</p><p>Backed by Irrevocable Bank of America Letter of Credit</p><p>Partial Adaptive Reuse and Partial New Construction, Delivered 2024</p><p>Arquitectonica-Designed with a Hand-Carved Concrete Facade by Artist Vhils</p><p>Zero Landlord Operating Expense Exposure</p><p>First U.S. Location of Knotel's Work Club Concept</p><p>$4M+ in Combined Capital Deployed into Bui
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NOI
$80,000
Cap Rate
0.21%
DSCR
0.03
Underwater
Cash-on-Cash
-19.10%
Monthly Payment
$190,476.994
Annual Cash Flow
$-2,205,723.924
