Updated Jul 31, 2025
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
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