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Irfan Raja Acquires Industrial Property In Doral From Maria Perez For $5.047M

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SOLD
$5,047,000

Florida

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Industrial17,421 SF
Sold 03/27/2025
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Property Image
SOLD

Irfan Raja Acquires Industrial Property In Doral From Maria Perez For $5.047M

3025 Northwest 79th Avenue

See Similar Deals
Industrial17,421 SF
Sold 03/27/2025
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$289
Total Square Footage:17,421 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial facility located at 3025 Northwest 79th Avenue in the Doral market. It has a sale price of $5,047,000 and encompasses 17,421 square feet, translating to a price per square foot of $289. This property operates as a dual tenant showroom and warehouse situated in the heart of Doral's Prime Tile District facing 79th Avenue.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,047,000
  • Square Footage: 17,421
  • Price Per Square Foot: $289
  • Buyer: Irfan Raja
  • Seller: Maria Perez
  • Buyer's Representative: George Smith - Smith Commercial Property Group
  • Seller's Representative: Julio Navarro - Smith Commercial Property Group

The deal's key individuals include George Smith and Julio Navarro, both representing the transaction through Smith Commercial Property Group. The sale was described as an off-market opportunity, with Julio Navarro successfully navigating various challenges over a period exceeding two years, ultimately leading to the completion of the agreement.

Players

George Smith
18 deals$159.2M volume(305) 359-6119
BROKER

Julio Navarro
Smith Commercial Property Group
6 deals$55M volume
BROKER

Details

SOLD
IMAGE: George Smith & Julio Navarro DATE: 03/27/2025 ADDRESS: 3025 Northwest 79th Avenue MARKET: Doral ASSET TYPE: Industrial BUYER: Irfan Raja SELLER: Maria Perez BUYER'S REP: George Smith (@G_Smith_CRE) - Smith Commercial Property Group (@Smith_cre) SELLER'S REP: Julio Navarro (@JNavarro_CRE) - Smith Commercial Property Group (@Smith_cre) SALE PRICE: $5,047,000 SF: 17,421 ~ PPSF: $289 NOTE FROM BROKER: Over 2 years in the making, Big Congratulations to our very own Power Broker Julio Navarro, who took this one through all the hurdles one can imagine, and then some... to the Finish line... Our SMITH CRE team is excited to announce this off-market sale to a user/investor. The property is a Dual tenant showroom/warehouse in the heart of Doral's Prime Tile District facing 79th AVE... Contact our team with any listing referrals, off-market sale opportunities, or a FREE BOV. (305) 359-6119.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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