Updated Nov 13, 2025
Manny Rivas Purchases Industrial Asset At 13015 Northwest 38th Avenue For $10.5 Million
13015 Northwest 38th Avenue
$10,500,000
$210/SF
Building Size
49,810 SF
Asset Type
Industrial
Closing
Nov 6, 2025
About this deal
AI
The industrial property located at 13015 Northwest 38th Avenue in Opa Locka was sold for $10,500,000. This asset encompasses a total area of 49,810 square feet, reflecting a price per square foot of $210.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,500,000
- Buyer's Name: Manny Rivas
- Seller's Name: Fernando Bautista
- Buyer's Representative: Pablo Vignolo & Raul Pino - The Hype Real Estate Group
- Seller's Representative: Tommy Gil - Industrial Advisors
- Market: Opa Locka
This transaction saw representation from The Hype Real Estate Group, which successfully connected the buyer with the property and negotiated a price discount. The deal encountered some challenges, but both brokerage teams managed to navigate these issues to complete the transaction. This marks the second sale on this block within the last six months, highlighting continued activity in the market.
On the Map
$10,500,000
$210/SF
Industrial
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Players
Opa-locka 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93