1900 NE Miami Ct
Miami, FL 33132

• Unit Size: 43,559 SF
• Condo Use: Office
• Price: $27,950,000 USD
• Sale Type: Investment
• Price/SF: $641.66 USD

Description

At the crossroads of Wynwood and Edgewater, the Wynwood Sky Building at 1900 NE Miami Court presents an exceptional opportunity to acquire its second and third floors. This trophy boutique office building encapsulates the artistic flair and bold spirit of Wynwood, offering modern loft-style offices adorned with glass partitions, LED lighting, and striking exposed brick walls. The expansive open floor plans and lofty ceilings range from 1,326 to 9,588 square feet, customizable to suit various business needs. Tenants benefit from convenient on-site parking and valet options, enhancing accessibility in this bustling neighborhood. Notable tenants include Supply Caddy, Monster Energy, Z9 Capital, and Building Drops Engineers. Positioned along North Miami Avenue, a main artery of Wynwood, the building provides unparalleled visibility and smooth access to many renowned dining spots and amenities such as Kush, Novela Café, and Sushi Monkey.

Sale Notes

DWNTWN Realty Advisors has been exclusively retained to sell the Wynwood Sky Building, a Class A creative office space located in Miami's dynamic Wynwood district. This fully stabilized property includes the two upper floors of a three-story mixed-use building, encompassing 43,559 square feet of prime office space, and boasts a robust tenant roster including Aroma 360 and Monster Energy. It offers a 7.06% cap rate, presenting an attractive yield in today's market with considerable upside potential through future rent escalations. The property benefits from under-market rents, providing a substantial opportunity for rent growth aligned with the ongoing development and demand in one of Miami’s fastest-growing areas. With a strong weighted average lease term (WALT), this investment ensures long-term stability and profitability for prospective investors. Miami's Wynwood district is nationally recognized as a top submarket for tech and creative sectors, making this property a strategic asset amidst one of the great American urban growth narratives. This offering represents a rare chance to acquire a high-yield, well-positioned asset in a market poised for continued expansion and economic vibrancy.