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1057 Broward Road

Samuel Bonnardel Acquires Hotel In Jacksonville For $7.35M With Buyer's Rep Rore Realty
SOLDHotel

Samuel Bonnardel Acquires Hotel In Jacksonville For $7.35M With Buyer's Rep Rore Realty

1057 Broward Road

$7,350,000

$140/SF

Building Size

52,500 SF

Asset Type

Hotel

Closing

Mar 10, 2022

AI

1057 Broward Road in Jacksonville has been sold for $7,350,000. The property is a hotel with a total area of 52,500 square feet. It features 192 keys, and the price per key is $38,281. The sale price per square foot is $140, and the transaction took place on March 10, 2022. Samuel Bonnardel of Rore Realty acted as the broker in this deal.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $7,350,000
  • Address: 1057 Broward Road, Jacksonville
  • Market: Jacksonville
  • Keys: 192
  • Price per Key: $38,281
  • Total Square Footage: 52,500
  • Price per Square Foot: $140

Samuel Bonnardel, representing Rore Realty, facilitated the sale of this hotel property located at 1057 Broward Road in Jacksonville. RORE Investment Group, along with its capital partner, specializes in purchasing economy and mid-scale hotels. They have the ability to quickly underwrite and provide the necessary capital for closing hotel transactions.

If you are interested in receiving an offer for your hotel property, you can get in touch with Samuel Bonnardel at [email protected] or by calling 305 542 7051. For more information, you can visit Roreinvestmentgroup.com.

Players

Samuel Bonnardel

Broker

$64.2M

vol

8 deals

Broker

Jacksonville 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

2.16%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93