facebook
Traded Co logo
Submit

John Silva Purchases Hotel From Pinnacle Investments For $28 Million In Miami

Property Image
SOLD
$28,000,000

Florida

See Similar Deals
Hotel45,000 SF
Sold 02/01/2025
the dealplayerscompscontact
Property Image
SOLD

John Silva Purchases Hotel From Pinnacle Investments For $28 Million In Miami

3401 Northwest 25th Street

See Similar Deals
Hotel45,000 SF
Sold 02/01/2025
Contact now

Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$622
Total Square Footage:45,000 SF
Transaction Type:Sale

The property asset involved in the transaction is a hotel located at 3401 Northwest 25th Street in Miami. The sale was finalized for a price of $28,000,000, encompassing a total area of 45,000 square feet, which translates to a price per square foot of $622.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $28,000,000
  • Address: 3401 Northwest 25th Street
  • Market: Miami
  • Square Footage: 45,000
  • Price Per Square Foot: $622
  • Buyer: John Silva
  • Seller: Pinnacle Investments
  • Broker: Ahmed Kabani - Kabani Hotel Group

This transaction involved key individuals including John Silva, who acted as the buyer, and Pinnacle Investments, the seller of the property. The deal was facilitated by Ahmed Kabani representing the broker agency Kabani Hotel Group during this transaction.

Players

Ahmed Kabani
31 deals$346.8M volume
BROKER

Details

SOLD
IMAGE: Ahmed Kabani DATE: 02/01/2025 ADDRESS: 3401 Northwest 25th Street MARKET: Miami ASSET TYPE: Hotel BUYER: John Silva SELLER: Pinnacle Investments (@ThePinnacleCollection) BROKER: Ahmed Kabani - Kabani Hotel Group (@KabaniHotelGroup) SALE PRICE: $28,000,000 SF: 45,000 ~ PPSF: $622

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,493,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42