Mark Bergquist Acquires Industrial Land From Navnit Patel In Florida City For $2.9M
35203 South Dixie Highway
$2,900,000
$16/SF
Building Size
178,160 SF
Asset Type
Industrial
Closing
Jul 23, 2025
AI
35203 South Dixie Highway, located in Florida City, is an industrial property featuring 178,160 square feet on 4 acres of industrially zoned land. The transaction was concluded for a price of $2,900,000, resulting in a price per square foot of $16.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,900,000
- Square Footage: 178,160
- Address: 35203 South Dixie Highway
- Market: Florida City
- Seller: Navnit Patel
- Buyer's Name: Mark Bergquist
- Seller's Representative: Louis Erice - Keller Williams Realty
Mark Bergquist acted as the buyer in this transaction, while Louis Erice represented the seller, Navnit Patel, in this sale. The deal marks a significant development in the industrial real estate sector within Southern Miami Dade County.
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93