Fort Partners Acquires Hotel On Brickell Avenue In Miami For $105M
1435 Brickell Avenue, Miami, FL 33131
$105,000,000
$106,815/SF
Building Size
983 SF
Asset Type
Hotel
Closing
Jul 1, 2020
About this deal
AI
Fort Partners, led by Nadim Ashi, has acquired a hotel property located at 1435 Brickell Avenue in the Brickell neighborhood of Miami. The transaction took place in July 2021.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $105,000,000
- Market: Brickell, Miami
The loan for this acquisition was provided by Madison Realty Capital, represented by Josh Zegen. The loan amount was $105,000,000.
Note: No additional information about the property or individuals involved in the transaction was provided.
The hotel loan at 1435 Brickell Avenue, Miami, FL 33131 in Miami, Florida financed for $105M in 2020. The building is 983 square feet, implying about 106.8K per square foot on the published price. Named participants on the 1435 Brickell Avenue, Miami, FL 33131 loan are Nadim Ashi. This page is the Miami, Florida file for the 1435 Brickell Avenue, Miami, FL 33131 hotel financed: pricing, party profiles, and other closed hotel comps from the same Miami sit in the Market section below. Filter that Miami hotel set by closing date to see what else financed near 1435 Brickell Avenue, Miami, FL 33131 around 2020. Published consideration for 1435 Brickell Avenue, Miami, FL 33131 is $105M, dated 2020. Cite this Fort Partners Acquires Hotel On Brickell Avenue In Miami For $105M loan when underwriting similar hotel product around Miami, Florida.
Players
Miami Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93