Metro 1 Closes $14.6M Sale On Behalf of Morabito Properties to Add to Wynwood Portfolio
Valerio Morabito of Morabito Properties just closed on his second Wynwood acquisition, expanding his current Wyncatcher assemblage with the purchase of Wyncatcher II located at 2150 NW Miami Court.
The property consists of 14,162 SF building on a 23,580 SF of land site at 2150 NW Miami Court for $14.6M in Wynwood, Miami. The sale closed on May 29th.
Valerio plans to expand the building to 49,270 SF, over 3 stories, with a rooftop space and private outdoor terrace, and 46 covered parking spaces.
The site is zoned T5-O within Wynwood’s NRD-1 overlay, allowing up to 5 stories as of right, and 8 stories with bonuses.
Juan Andrés Nava, Managing Broker at Metro 1 Commercial represented the buyer and David Ballard with Related ISG represented the seller.
“We are incredibly proud to continue raising the bar of what office should look like in Wynwood. Tenants in Wynwood come for the character and the neighborhood, and we believe in design as an amenity and the neighborhood as an amenity. Also, we’ve seen that the typical Tenants coming to Wynwood are between 3,000 SF - 10,000 SF, looking to open a second or third office, helps with recruiting, and makes it exciting to come to the office. We’re catering to that segment of the market.”
Wyncatcher, Valerio’s first acquisition in Wynwood was fully leased to Knotel and recently completed. The Knotel lease encompassed 38,500 SF.
$14,600,000
2150 NW Miami Ct, Miami, FL
49,270 SF
23,580 SF
T5-O NRD-1
Office | New Construction/Adaptive Reuse
Juan Andrés Nava
+ Transaction Value:
+ Property Address:
+ Proposed Building Size:
+ Land Size:
+ Zoning:
+ Property Type:
+ Buyer’s Broker: