Adriano Salucci & Miguel Pinto Of APEX Capital Realty Facilitate Hotel Sale In Miami For $7M
528 Southwest 9th Avenue
$7,000,000
$544/SF
Building Size
12,862 SF
Asset Type
Hotel
Closing
Feb 12, 2025
AI
The asset involved in the transaction is a hotel located at 528 Southwest 9th Avenue in Miami. The sale price for the property was $7,000,000. The total square footage of the hotel is 12,862, which results in a price per square foot of $544.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $7,000,000
- Address: 528 Southwest 9th Avenue
- Market: Miami
- Square Footage: 12,862
- Price per Square Foot: $544
- Brokers: Adriano Salucci & Miguel Pinto - APEX Capital Realty
The transaction involved Adriano Salucci and Miguel Pinto acting as representatives from APEX Capital Realty, who facilitated the deal. Their expertise in the Miami market contributed to the successful sale of the hotel property.
Players
Miami Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93