Ytech Acquires Development Site In Miami For $12.2M
SOLD
$12,200,000
Florida
See Similar DealsDevelopment Site16,000 SF
Sold 01/04/2021
SOLD
Ytech Acquires Development Site In Miami For $12.2M
41 Southwest 15th Road, Miami, FL, USA
See Similar DealsDevelopment Site16,000 SF
Sold 01/04/2021
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$762
Total Square Footage:16,000 SF
Transaction Type:Sale
The development site located at 41 & 75 Southwest 15th Road in Miami has been sold for a price of $12,200,000. The property spans across 16,000 square feet, resulting in a price per square foot of $763. The transaction took place on January 4, 2021. The buyer in this deal is Ytech, represented by Yamal Yidios.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,200,000
- Address: 41 & 75 Southwest 15th Road, Miami
- Market: Miami
- Buyer: Ytech - Yamal Yidios
- Square Footage: 16,000
- Price Per Square Foot: $763
Ytech, represented by Yamal Yidios, was the buyer in this transaction. The property is situated in Miami and offers a development site with a total area of 16,000 square feet. The deal was finalized on January 4, 2021, with a purchase price of $12,200,000, equating to $763 per square foot.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$650,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,344.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,834.22
Annual Debt Service$694,010.69
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