Hermanos De La Calle Acquires Hotel In Miami For $3.25 Million With BayFirst National Bank Financing

Hermanos de la Calle (HDLC) has acquired a motel located at 4001 West Flagler Street in Miami. The property spans 7,749 square feet on a 0.41-acre lot, consisting of 26 units, and was sold for $3,250,000, translating to $125,000 per unit and $419 per square foot.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $3,250,000
• Units: 26
• PPU: $125,000
• SF: 7,749
• PPSF: $419
• Seller: 3F Development LLC
• Lender: BayFirst National Bank

The seller, 3F Development LLC, was represented in the transaction by brokers Ernie Perez and Pablo Rodriguez from Gridline Properties. The financing was facilitated by BayFirst National Bank, which provided a loan of $2.25 million.