Updated Dec 2, 2025
Kamal Patwary Acquires Industrial Property From DRG Properties For $720,000 In Homestead
637 West Mowry Drive & 1 Nw 7 Ave
$720,000
$136/SF
Building Size
2,632 SF
Asset Type
Industrial
Closing
Mar 10, 2025
About this deal
AI
The asset involved in this transaction is an industrial property located at 637 West Mowry Drive & 1 Northwest 7th Avenue, situated in the Homestead market. The property was sold for a price of $720,000, with a total square footage of 2,632, resulting in a price per square foot of $273.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $720,000
- Square Footage: 2,632
- Price Per Square Foot: $273
- Buyer: Kamal Patwary
- Seller: DRG Properties
- Buyer's Representative: Aldo Briolo - Cervera Real Estate
- Seller's Representative: Felipe Serrano - BRS
The transaction was facilitated by Aldo Briolo representing the buyer, Kamal Patwary, and Felipe Serrano representing the seller, DRG Properties, ensuring a smooth process for both parties involved in this deal.
On the Map
$720,000
$136/SF
Industrial
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Players
Homestead 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
22.03%
Cash-on-Cash
-6.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93