Alejandro Vilarello Acquires Hialeah Hotel For $11.3M
935 Okeechobee Road, Hialeah, Florida 33010, United States
$11,300,000
$476/SF
Building Size
23,700 SF
Asset Type
Hotel
Closing
Jun 15, 2022
AI
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.
Hialeah 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93