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Wynwood NW 2nd Ave Mixed-Use Portfolio 3 Properties Offered at $25,800,000 in Miami, FL
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INVESTMENT HIGHLIGHTS
- Three-folio NNN income portfolio in Wynwood's core with T5-O zoning and below-market leases for future rent growth or repositioning.
- 2085 NW 2nd Avenue is a fully leased 6,250-square-foot retail hub occupied by a diverse and growing tenant mix of service providers and food vendors.
- Wynwood is a nationally recognized, iconic destination home to tech, retail, and lifestyle giants such as Amazon, Spotify, Atomic, and Live Nation.
- 2121 NW 2nd Avenue features 32,168 square feet of prime mixed-use space with high-performing tenants and an exclusive rooftop destination.
- 9,970-square-foot parcel at 172 NW 21st Street offers near-term redevelopment upside or strategic parking income from the surrounding businesses.
- Surrounded by over $3 billion in new development, the portfolio offers strong in-place cash flow and exceptional long-term appreciation potential.
EXECUTIVE SUMMARY
Acquire a core plus NNN income portfolio in Miami’s iconic Wynwood neighborhood, one of the fastest-growing urban destinations in the country. Encompassing three T5-O zoned folios across 2085–2121 NW 2nd Avenue, totaling nearly 42,400 square feet (2085 and 2121 NW 2nd Avenue) of leasable space and land, the offering provides a high-performing retail and office mix and a future development site. All assets benefit from below-market rents in one of Miami’s most creative and economically vibrant enclaves.
At 2121 NW 2nd Avenue, investors will find a three-story, 32,168-square-foot building with a rooftop and curated boutique office and destination retail mix. This flagship property is anchored by top-tier retail tenants, including Omakai Sushi, The Moon/Astra restaurant and rooftop lounge, and Babe Hot Pilates, alongside boutique office users like AXS Law Group and Miami Spaces, each contributing to Wynwood’s thriving lifestyle scene. The building serves as a cultural and commercial hub, making it a marquee asset within the portfolio.
Next door, 2085 NW 2nd Avenue is a single-level, 6,250-square-foot retail building that features a complementary tenant roster with Terra Energy, Fuwa Fuwa Japanese pancakes, and Mr. Cachapa Venezuelan street food. Rounding out the portfolio is 172 NW 21st Street, a 9,970-square-foot lot currently used for valet parking, a blank canvas for future vertical development. Together, the assets offer stable income and redevelopment potential amid Wynwood’s continued urban densification.
With more than $3 billion in new mixed-use investments transforming Wynwood into a magnet for international capital, creative commerce, and tourism, this portfolio is surrounded by national tenants such as Amazon, Spotify, and Live Nation. Bordered by Interstate 95, Downtown Miami, Midtown, and the Design District, and with unbeatable foot traffic, the location is second to none. Secure generational real estate in one of South Florida’s most dynamic and resilient submarkets.
At 2121 NW 2nd Avenue, investors will find a three-story, 32,168-square-foot building with a rooftop and curated boutique office and destination retail mix. This flagship property is anchored by top-tier retail tenants, including Omakai Sushi, The Moon/Astra restaurant and rooftop lounge, and Babe Hot Pilates, alongside boutique office users like AXS Law Group and Miami Spaces, each contributing to Wynwood’s thriving lifestyle scene. The building serves as a cultural and commercial hub, making it a marquee asset within the portfolio.
Next door, 2085 NW 2nd Avenue is a single-level, 6,250-square-foot retail building that features a complementary tenant roster with Terra Energy, Fuwa Fuwa Japanese pancakes, and Mr. Cachapa Venezuelan street food. Rounding out the portfolio is 172 NW 21st Street, a 9,970-square-foot lot currently used for valet parking, a blank canvas for future vertical development. Together, the assets offer stable income and redevelopment potential amid Wynwood’s continued urban densification.
With more than $3 billion in new mixed-use investments transforming Wynwood into a magnet for international capital, creative commerce, and tourism, this portfolio is surrounded by national tenants such as Amazon, Spotify, and Live Nation. Bordered by Interstate 95, Downtown Miami, Midtown, and the Design District, and with unbeatable foot traffic, the location is second to none. Secure generational real estate in one of South Florida’s most dynamic and resilient submarkets.
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SALE FLYER
PROPERTY FACTS
| Price | $25,800,000 | Number of Properties | 3 |
| Price / SF | $671.56 / SF | Individually For Sale | 0 |
| Cap Rate | 6.96% | Total Building Size | 38,418 SF |
| Sale Type | Investment | Total Land Area | 0.67 AC |
| Status | Active |
| Price | $25,800,000 |
| Price / SF | $671.56 / SF |
| Cap Rate | 6.96% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 38,418 SF |
| Total Land Area | 0.67 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 172 NW 21st St, Miami, FL 33127 | Land | 0.23 AC | - | - |
| 2121 NW 2nd Ave, Miami, FL 33127 | Retail | 32,168 SF | 2016 | - |
| 2085 NW 2nd Ave, Miami, FL 33127 | Retail | 6,250 SF | 1945 | - |
SALE ADVISORS
SALE ADVISORS
Tony Arellano, Co-Founder & Managing Partner
With over a decade of brokerage experience in real estate investment, Tony Arellano is the Co-Founder and Managing Partner of DWNTWN Realty Advisors, where he specializes on value add real estate investment sales, infill urban development, and landlord representation for mixed-use assets.
To date, Tony has completed over a billion dollars in total lease and sale transactions within the greater downtown Miami submarket, including over 450 commercial real estate lease and sales transactions throughout his career.
Prior to co-founding DWTNWN Realty Advisors, he served as the Executive Vice President of a local commercial real estate firm for over 11 years leading the firm's brokerage efforts.
In 2016, Tony served as President of CIASF, the largest local Real Estate organization, with a focus on data-centric events. Additionally, he is the author of specialized neighborhood annual market reports such as the Wynwood Market Report and the Urban Market Report.
He has been named for the Commercial Observer Power 100 as one of Commercial Real Estate’s Most Powerful Players. He and co-founder Devlin Marinoff have also been named for the Commercial Observer Power 30 List for South Florida.
Tony is a graduate of Florida International University with a BS in Business Administration.
To date, Tony has completed over a billion dollars in total lease and sale transactions within the greater downtown Miami submarket, including over 450 commercial real estate lease and sales transactions throughout his career.
Prior to co-founding DWTNWN Realty Advisors, he served as the Executive Vice President of a local commercial real estate firm for over 11 years leading the firm's brokerage efforts.
In 2016, Tony served as President of CIASF, the largest local Real Estate organization, with a focus on data-centric events. Additionally, he is the author of specialized neighborhood annual market reports such as the Wynwood Market Report and the Urban Market Report.
He has been named for the Commercial Observer Power 100 as one of Commercial Real Estate’s Most Powerful Players. He and co-founder Devlin Marinoff have also been named for the Commercial Observer Power 30 List for South Florida.
Tony is a graduate of Florida International University with a BS in Business Administration.
Devlin Marinoff, Co-Founder & Managing Director
Devlin Marinoff
Broker & Managing Partner, DWNTWN Realty Advisors
Devlin Marinoff is one of Miami’s leading commercial real estate brokers, with a career spanning over two decades and more than $2 billion in closed transactions across all major asset classes.
Devlin began his real estate career in New York City with Penn Capital Realty, where he successfully completed over $700 million in sales, encompassing hospitality and development sites, multifamily conversions, office buildings, retail centers, and industrial properties.
In 2008, Devlin relocated to South Florida and founded Whitehall Realty Group, a boutique investment and sales firm based in Miami. As Managing Director, he built Whitehall into one of the region’s top-performing brokerages, earning recognition as a CoStar Power Broker in 2016 for his leadership in commercial investment sales.
In 2018, Devlin partnered with fellow industry leader Tony Arellano to establish DWNTWN Realty Advisors — a next-generation commercial brokerage specializing in investment sales, leasing, and advisory services across South Florida’s emerging urban core markets. The firm’s guiding philosophy, “Density is DWNTWN’s Destiny,” reflects their commitment to shaping the future of Miami’s evolving cityscape.
Devlin and Tony have been recognized among South Florida’s most influential real estate professionals, earning a spot on the Commercial Observer Power 30 List.
Devlin holds a Bachelor’s Degree in Business Administration from the University of Arizona.
Specialties: Investment Sales, Landlord Representation, Tenant Representation
Markets: South Florida
Property Focus: Industrial, Land, Multifamily, Office, Retail
Company: DWNTWN Realty Advisors
Broker & Managing Partner, DWNTWN Realty Advisors
Devlin Marinoff is one of Miami’s leading commercial real estate brokers, with a career spanning over two decades and more than $2 billion in closed transactions across all major asset classes.
Devlin began his real estate career in New York City with Penn Capital Realty, where he successfully completed over $700 million in sales, encompassing hospitality and development sites, multifamily conversions, office buildings, retail centers, and industrial properties.
In 2008, Devlin relocated to South Florida and founded Whitehall Realty Group, a boutique investment and sales firm based in Miami. As Managing Director, he built Whitehall into one of the region’s top-performing brokerages, earning recognition as a CoStar Power Broker in 2016 for his leadership in commercial investment sales.
In 2018, Devlin partnered with fellow industry leader Tony Arellano to establish DWNTWN Realty Advisors — a next-generation commercial brokerage specializing in investment sales, leasing, and advisory services across South Florida’s emerging urban core markets. The firm’s guiding philosophy, “Density is DWNTWN’s Destiny,” reflects their commitment to shaping the future of Miami’s evolving cityscape.
Devlin and Tony have been recognized among South Florida’s most influential real estate professionals, earning a spot on the Commercial Observer Power 30 List.
Devlin holds a Bachelor’s Degree in Business Administration from the University of Arizona.
Specialties: Investment Sales, Landlord Representation, Tenant Representation
Markets: South Florida
Property Focus: Industrial, Land, Multifamily, Office, Retail
Company: DWNTWN Realty Advisors
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