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35203 South Dixie Highway

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

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

Loading comparables…

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