SOLDHotel
Rafael Vasquez Acquires Hotel In Miami Shores For $5.9 Million Represented By Ernie Perez & Pablo Rodriguez
9101 Biscayne Boulevard
$6,500,000
$492/SF
Building Size
13,209 SF
Asset Type
Hotel
Closing
Oct 2, 2025
About this deal
AI
The property asset involved in the transaction is a hotel located at 9101 Biscayne Boulevard in the Miami Shores market. The sale price of the hotel was $5,900,000, offering a total square footage of 13,209 and a price per square foot of $447.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $5,900,000
- Address: 9101 Biscayne Boulevard
- Market: Miami Shores
- Square Footage: 13,209
- Price per Square Foot: $447
- Buyer: Rafael Vasquez
- Seller: Theresa Leung
- Brokers: Ernie Perez & Pablo Rodriguez - Gridline Properties
The key individuals involved in the deal include buyer Rafael Vasquez and seller Theresa Leung. The transaction was facilitated by brokers Ernie Perez and Pablo Rodriguez, who represent Gridline Properties in this sale.
On the Map
$6,500,000
$492/SF
Hotel
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Players
Miami Shores 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93