Alejandro Vilarello Acquires Hialeah Hotel For $11.3M
SOLD
Florida
See Similar DealsHotel23,700 SF
Sold 06/16/2022
SOLD
Alejandro Vilarello Acquires Hialeah Hotel For $11.3M
935 Okeechobee Road, Hialeah, Florida 33010, United States
See Similar DealsHotel23,700 SF
Sold 06/16/2022
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$476
Total Square Footage:23,700 SF
Transaction Type:Sale
The property involved in this closed transaction is a Hotel/Motel/Hostel/B&B located at 935 W Okeechobee Rd in Hialeah, FL. It spans a total square footage of 23,700 and was sold for a price of $11,300,000, resulting in a price per square foot of $476.
Summary of transaction details
- Property Type: Hotel/Motel/Hostel/B&B
- Transaction Amount: $11,300,000
- Square Footage: 23,700
- Price per square foot: $476
- Address: 935 W Okeechobee Rd, Hialeah, FL
- Market: Hialeah, FL
Alejandro Vilarello served as the buyer in this transaction, while Alfredo Valdes and Mayra Valdes acted as the sellers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$602,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,146.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,567.76
Annual Debt Service$642,813.18
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