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528 Southwest 9th Avenue

Adriano Salucci & Miguel Pinto Of APEX Capital Realty Facilitate Hotel Sale In Miami For $7M
SOLDHotel

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:

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

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

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