William Ticona Acquires Development Site In Miami From Francisco Silva For $15.1M
436 NE 35 St
$15,100,000
$419/SF
Building Size
36,000 SF
Asset Type
Development Site
Closing
Oct 29, 2024
AI
The property involved in this transaction is a development site located at 436 Northeast 35th Street in Miami. The sale price was $15,100,000. This development site encompasses a total square footage of 36,000, with a building square footage (BSF) of 432,000, resulting in a price per BSF of $34 and a price per square foot (PPSF) of $419.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $15,100,000
- Buyer: William Ticona
- Seller: Francisco Silva
- Buyer's Representative: Ignacio Gonzalez-Arias - One Sotheby's International Realty
- Seller's Representative: Ryan Shaw - Marcus & Millichap
The transaction was completed on October 29, 2024. Ignacio Gonzalez-Arias represented the buyer, William Ticona, while Ryan Shaw represented the seller, Francisco Silva, during this property transaction.
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
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93