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
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