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35203 South Dixie Highway

Updated Jul 31, 2025

Bilt advertisement
Mark Bergquist Acquires Industrial Land From Navnit Patel In Florida City For $2.9M
SOLDIndustrial

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

About this deal

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

Louis Erice

Keller Williams Realty

Broker

$13.8M

vol

4 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

Homestead Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $16 per square foot on a published $2.9M for 178,160 square feet (2025).

Visit Louis Erice to view all their deals.

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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

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