Ricardo Tovar Purchases Industrial Property From Dan Mammolito In Doral For $1,625,000
8127 Northwest 29th Street
$1,625,000
$325/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Jun 26, 2026
AI
The property asset involved in this transaction is an industrial facility located at 8127 Northwest 29th Street in the Doral market. The sale price for the property was $1,625,000, with a square footage of 5,000, resulting in a price per square foot of $325.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,625,000
- Buyer: Ricardo Tovar
- Seller: Dan Mammolito
- Broker: Chabeli Castillo - Liberty Commercial Realty
This transaction involved Chabeli Castillo from Liberty Commercial Realty representing the seller, Dan Mammolito, in the sale to buyer Ricardo Tovar. The broker emphasized that commercial real estate is centered around relationships, strategy, and execution, encouraging collaboration for growth and closing more deals.
Players
Miami 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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93