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2980 Northwest 108th Avenue

Luis Banegas Purchases Industrial Property In Doral For $14.57M With Parvani Commercial Group
SOLDIndustrial

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:

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

Reshma Parvani

Parvani Commercial Group

Broker

$35.9M

vol

5 deals

Broker

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