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8750 Northwest 36th Street

Oscar Rodriguez And Ricardo Vadia Of ROVR Development Acquire Development Site In Doral For $6M
SOLDDevelopment Site

Oscar Rodriguez And Ricardo Vadia Of ROVR Development Acquire Development Site In Doral For $6M

8750 Northwest 36th Street

$6,000,000

Building Size

Asset Type

Development Site

Closing

Jan 20, 2026

AI

A development site consisting of three acres located at 8750 Northwest 36th Street in Doral has been sold for $6 million. The asset will facilitate a 330-unit multifamily project, converting excess office parking into apartments, aligning with trends across South Florida.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $6,000,000
  • Buyer: Oscar Rodriguez & Ricardo Vadia - ROVR Development
  • Seller: Rudy Prio Touzet - Banyan Street Capital
  • Date of Transaction: 01/20/2026
  • Address: 8750 Northwest 36th Street
  • Market: Doral
  • Acres: 3

An affiliate of ROVR Development, represented in the deal by Oscar Rodriguez and Ricardo Vadia, acquired the property from Rudy Prio Touzet, who represented Banyan Street Capital. This transaction marks a significant step in the ongoing transformation of office properties in the area.

Players

Oscar Rodriguez

ROVR Development

Buyer

$172.1M

vol

6 deals

Buyer
RD
ROVR DevelopmentBuyer
Rudy Prio Touzet

Rudy Prio Touzet

Banyan Street Capital

Seller

$203.8M

vol

7 deals

Seller

Doral 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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93