Ramesh Patel Sells Industrial Asset At 4200 Dow Road In Melbourne For $3.525M
4200 Dow Road
$3,525,000
$122/SF
Building Size
28,828 SF
Asset Type
Industrial
Closing
Nov 2, 2025
AI
The property asset involved in this transaction is an industrial asset located at 4200 Dow Road in Melbourne. The sale price for this asset was $3,525,000, with a total square footage of 28,828, leading to a price per square foot of $122.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,525,000
- Address: 4200 Dow Road
- Market: Melbourne
- Square Footage: 28,828
- Price per Square Foot: $122
- Seller: Ramesh Patel
- Buyer's Representative: Pablo Vignolo & Raul Pino - The Hype Real Estate Group
- Seller's Representative: Jose Montero - The Hype Real Estate Group
This transaction highlights the efforts of all parties involved, with The Hype Real Estate Group representing both the seller and buyer. Their team facilitated a smooth closing through effective collaboration. They are focused on sourcing industrial and retail opportunities across multiple states, including Florida, Georgia, North Carolina, Virginia, and northeastern states.
Players
Melbourne 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
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93