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41 Southwest 15th Road, Mia...

Ytech Acquires Development Site In Miami For $12.2M
SOLDDevelopment Site

Ytech Acquires Development Site In Miami For $12.2M

41 Southwest 15th Road, Miami, FL, USA

$12,200,000

$762/SF

Building Size

16,000 SF

Asset Type

Development Site

Closing

Jan 3, 2021

AI

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.

Players

Yamal Yidios

Ytech

Buyer

$769.6M

vol

10 deals

Buyer

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.30%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93