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Manny Rivas Purchases Industrial Asset At 13015 Northwest 38th Avenue For $10.5 Million

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SOLD
$10,500,000

Florida

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Industrial49,810 SF
Sold 11/07/2025
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Property Image
SOLD

Manny Rivas Purchases Industrial Asset At 13015 Northwest 38th Avenue For $10.5 Million

13015 Northwest 38th Avenue

See Similar Deals
Industrial49,810 SF
Sold 11/07/2025
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$210
Total Square Footage:49,810 SF
Transaction Type:Sale

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.

Players

Raul Pino
50 deals$344.4M volume
BROKER

Pablo Vignolo
The Hype Real Estate Group
43 deals$285.6M volume
BROKER

Tommy Gil
1 deal$10.5M volume(305) 975-3209
BROKER

The Hype Real Estate Group
BROKERAGE

Details

SOLD
IMAGE: Pablo Vignolo, Raul Pino & Tommy Gil DATE: 11/07/2025 ADDRESS: 13015 Northwest 38th Avenue MARKET: Opa Locka ASSET TYPE: Industrial BUYER: Manny Rivas SELLER: Fernando Bautista BUYER'S REP: Pablo Vignolo (@Hypepabs) & Raul Pino (@Thewolfofsouthfl) - The Hype Real Estate Group (@TheHypeRealEstateGroup) SELLER'S REP: Tommy Gil (@Tommy_Gil) - Industrial Advisors SALE PRICE: $10,500,000 SF: 49,810 ~ PPSF: $210 NOTE FROM BUYER'S REP: Hype successfully matched our buyer with an on-market property and we were able to negotiate a significant price discount from listed pricing. This deal had a few challenges but buyer & seller broker were able to navigate the hurdles to consummate the deal. This is the second building we sell on this block in the last 6 months and we remain extremely active in this market. Reach out to us for similar opportunities at [email protected]. We have offices in Miami and NYC and target the entire east coast of the United States for industrial and retail deals.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
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