Irfan Raja Acquires Industrial Property In Doral From Maria Perez For $5.047M
3025 Northwest 79th Avenue
$5,047,000
$289/SF
Building Size
17,421 SF
Asset Type
Industrial
Closing
Mar 27, 2025
AI
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
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
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93