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Oscar Rodriguez And Ricardo Vadia Of ROVR Development Acquire Development Site In Doral For $6M
SOLD
$6,000,000
Florida
See Similar DealsDevelopment Site
Sold 01/20/2026
SOLD
Oscar Rodriguez And Ricardo Vadia Of ROVR Development Acquire Development Site In Doral For $6M
8750 Northwest 36th Street
See Similar DealsDevelopment Site
Sold 01/20/2026
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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