8730 NW 27th St - Hospitality FOR SALE


Miami, FL 33172
$22,750,000 USD
954-245-3487
8730 NW 27th St, Miami, FL for Sale
$22,750,000 USD
Hospitality - FOR SALE
1/33
null | 6.68% Cap Rate

8730 NW 27th St
Miami, FL 33172


HIGHLIGHTS

  • Located in Doral, One of Miami's Most Sought-After Submarkets
  • Ideally Positioned Near Miami International Airport
  • Recently Renovated Hotel

OVERVIEW

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 143-room La Quinta Inn & Suites in Doral, Florida, within in the highly-coveted Miami-Fort Lauderdale-West Palm Beach MSA. The six-story property, built in 1998, is ideally positioned near Miami International Airport, the second-busiest airport in Florida, along with a multitude of other diverse demand drivers. La Quinta Inn & Suites Miami Airport West represents a compelling opportunity to acquire a high-performing, select-service asset in a top-10 hotel market that is defined by high barriers to entry. A new owner stands to unlock meaningful RevPAR growth through continued hands-on management while continuing to capitalize on the recently completed PIP renovation.

FOR SALE DETAILS

PRICE

$22,750,000 USD

PRICE/SF

$306 USD /SF

# OF ROOMS

143

PRICE/ROOM

$159,091 {currency}

CAP RATE

6.68%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn & Suites by Wyndham Miami

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

96

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,102 SF

ZONING

7100

APN/PARCEL ID

35-3028-016-0120

ASK ABOUT THIS PROPERTY

Leonardo ReillyMarcus & MillichapMore Info
954-245-3487

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Leonardo ReillyMarcus & MillichapMore Info
954-245-3487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.