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
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