Starlite Motel near Brickell City Centre sells for $25M

Miami /
Dec.December 16, 2014 09:45 AM

The Starlite Motel in the Brickell area was sold for $24.8 million on Dec. 10.

Rafer Enterprises Inc. sold the motel, located at 128 Southwest Seventh Street, to Optimum USA Brickell 2 LLC, according to public records. The property, which has 60 rooms and two floors, was last sold in 1993 for $700,000. 

The buyer of the motel, Optimum USA Brickell 2, has 846 Lincoln Road on Miami Beach as its registered address. Managers Ricardo Tabet and Rodolfo Misitano are the registered agents for Starlite Brickell Management LLC. Charles Rutenberg Realty’s Jacob Serure and Fabrizio Taccone of Keller Williams Realty brokered the sale.

The buyer was represented by Louis Erice and Hernan Aguado of Keller Williams Premiere. The future site of Brickell City Centre, a mixed-use urban development, is nearby in an area where preconstruction condos range from the $500,000s to $2.7 million.

This post has been changed to reflect a correct selling price of $24.8 million. It previously listed the selling price of $20.4 million based on incorrect information.


Related Articles

arrow_forward_ios
The Brickell location (Brown Harris Stevens)
Osaka restaurant space in Brickell sells for $6M
Osaka restaurant space in Brickell sells for $6M
830 Brickell and the co-developers Cain's Jonathan Goldstein and Vlad Doronin (Getty, OKO Group / Cain International)
Lease roundup: Canada’s CI Financial picks Brickell for new US HQ
Lease roundup: Canada’s CI Financial picks Brickell for new US HQ
Harvey Hernandez and a rendering of his Brickell project
Harvey Hernandez plans three-tower project on riverfront Brickell site
Harvey Hernandez plans three-tower project on riverfront Brickell site
Vlad Doronin, Jonathan Goldstein and CEO Satya Nadella (Getty)
Microsoft to lease 50K sf office at under-construction Brickell tower
Microsoft to lease 50K sf office at under-construction Brickell tower
3 MiamiCentral (iStock, Poma Architectural Metals)
Lease roundup: Uber takes space in downtown Miami, six retailers open at Brickell City Centre
Lease roundup: Uber takes space in downtown Miami, six retailers open at Brickell City Centre
Pedro Villar of Sunview Companies with the hotel (Marriott, LinkedIn via Villar)
Owner of Aloft Miami Brickell hotel files for bankruptcy
Owner of Aloft Miami Brickell hotel files for bankruptcy
Federal prosecutors allege Naman Wakil laundered ill-gotten Venezuelan contracts with Miami area condo purchases (Getty)
Miami man charged in Venezuelan money laundering scheme, allegedly using proceeds to buy condos
Miami man charged in Venezuelan money laundering scheme, allegedly using proceeds to buy condos
Black Lion CEO Robert Rivani with SLS Lux Brickell (LinkedIn via Rivani, Facebook via SLS Lux Brickell)
Black Lion buys SLS Lux Brickell retail condo for $14M
Black Lion buys SLS Lux Brickell retail condo for $14M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...