Gridline Properties is pleased to present the exclusive offering of a free-standing, industrial/mixed-use building
located at the gateway of Wynwood and Allapattah. The property was renovated in 2024 and is strategically
positioned within one of the city’s most active urban growth corridors, benefiting from strong demand
fundamentals and accelerating redevelopment momentum.
The asset is 100% occupied by a single tenant, a well-established music studio and recording business,
operating under a long-term lease with annual rental increases, providing stable in-place cash flow. The offering
is an attractive opportunity for investors seeking dependable income today while maintaining exposure to
one of South Florida’s most active corridors.
Zoned industrial with the ability to develop up to eight (8) stories and potential eligibility under the Live Local
program, the property oers compelling long-term redevelopment optionality. This investment is well suited
for buyers seeking a combination of current yield, durable tenancy, and embedded value creation potential in one of
Miami’s most dynamic infill submarkets.
719 NW 29th St, Miami, FL, 33127
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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