Luis Banegas Purchases Industrial Property In Doral For $14.57M With Parvani Commercial Group
2980 Northwest 108th Avenue
$14,570,600
$323/SF
Building Size
45,105 SF
Asset Type
Industrial
Closing
May 20, 2026
AI
The property asset involved in the transaction is an industrial space located at 2980 Northwest 108th Avenue, Doral. The sale price reached $14,570,600, with a total square footage of 45,105, resulting in a price per square foot of $323.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,570,600
- Address: 2980 Northwest 108th Avenue
- Market: Doral
- Square Footage: 45,105
- Price per Square Foot: $323
- Buyer: Luis Banegas
- Seller: Akira Yazawa
- Buyer's Representative: Vishal Parvani & Reshma Parvani - Parvani Commercial Group
- Seller's Representatives: Frank Trelles & Doony Marrero - Vivo Real Estate Group; Jason Gonzalez - State Street Realty
This transaction involved key individuals from various commercial real estate agencies, highlighting collaborative efforts in securing the deal. The buyer, Luis Banegas, engaged with Vishal Parvani and Reshma Parvani from Parvani Commercial Group as his representatives. Conversely, the seller, Akira Yazawa, was represented by a team including Frank Trelles and Doony Marrero from Vivo Real Estate Group, alongside Jason Gonzalez from State Street Realty.
Players
Doral Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93