Boulder Hotel East LLC Acquires Property From Vista Hospitality For $16.25M In Coral Springs
$16,250,000
SOLD
$16,250,000
Florida
See Similar Deals61,305 SF
$16,250,000
SOLD
Boulder Hotel East LLC Acquires Property From Vista Hospitality For $16.25M In Coral Springs
620 N University Dr, Coral Springs, FL...
See Similar Deals61,305 SF
Summary
FLORIDA
Price Per Square Foot:$265
Total Square Footage:61,305 SF
Transaction Type:Sale
The property at 620 N University Dr, Coral Springs, FL, is a commercial asset located in the Plantation market. The property has a total area of 61,305 square feet and was sold for $16,250,000.00.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $16,250,000.00
- Address: 620 N University Dr, Coral Springs, FL
- Market: Plantation
- Buyer: Boulder Hotel East LLC
- Seller: Vista Hospitality
- Buyer's Representative: Bryan Gipson - HTL Hospitality Advisors
The transaction involved Boulder Hotel East LLC as the buyer and Vista Hospitality as the seller. The deal was facilitated by Bryan Gipson, representing the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,732.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,033.29
Annual Debt Service$924,399.48
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