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Marcus & Millichap Sells Hotel In Miami Lakes For $12.35M With 94 Keys

Property Image
SOLD
$12,350,000
Leo Reilly
Robert Hunter
Jonathan De La Rosa

Florida

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Hotel47,227 SF
Sold 10/31/2025
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Hotel In Miami Lakes For $12.35M With 94 Keys

8079 Northwest 154th Street

See Similar Deals
Hotel47,227 SF
Sold 10/31/2025
Leo Reilly
Robert Hunter
Jonathan De La Rosa
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$261
Total Square Footage:47,227 SF
Transaction Type:Sale

The asset involved in the transaction is a hotel located at 8079 Northwest 154th Street in the Miami Lakes market. The sale price was $12,350,000 for the property, which consists of 94 keys and has a total square footage of 47,227, yielding a price per key of $131,382 and a price per square foot of $261.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $12,350,000
  • Keys: 94
  • Price per Key: $131,382
  • Square Footage: 47,227
  • Price per Square Foot: $261
  • Sale Price excluding personal property: $11,650,000
  • Additional amount for personal property: $700,000

The brokers representing the transaction were Jonathan De La Rosa, Robert Hunter, and Leo Reilly from Marcus & Millichap. Their involvement facilitated the completion of this sale in the Miami Lakes area.

Players

Jonathan De La Rosa
Marcus & Millichap
Jonathan De La Rosa
140 deals$624.6M volume(786) 522-7027
BROKER
Robert Hunter
Marcus & Millichap
Robert Hunter
18 deals$190.4M volume
BROKER
Leo Reilly
Marcus & Millichap
Leo Reilly
10 deals$140.5M volume
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Robert Hunter, Jonathan De La Rosa & Leo Reilly DATE: 10/31/2025 ADDRESS: 8079 Northwest 154th Street MARKET: Miami Lakes ASSET TYPE: Hotel BROKERS: Jonathan De La Rosa (@J_DLR_), Robert Hunter & Leo Reilly - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $12,350,000 KEYS: 94 ~ PPK: $131,382 SF: 47,227 ~ PPSF: $261 NOTE FROM BROKER: Sale Price was $11,650,000 buyer paid an additional $700,000 for the personal property that was included in the sale.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$43,876.94
Cash-on-Cash Return-1.27%
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