Adriano Salucci & Miguel Pinto Of APEX Capital Realty Facilitate Hotel Sale In Miami For $7M
SOLD
$7,000,000
Florida
See Similar DealsHotel12,862 SF
Sold 02/12/2025
SOLD
Adriano Salucci & Miguel Pinto Of APEX Capital Realty Facilitate Hotel Sale In Miami For $7M
528 Southwest 9th Avenue
See Similar DealsHotel12,862 SF
Sold 02/12/2025
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$544
Total Square Footage:12,862 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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