Condra Property Group Acquires Hollywood Beach Hotel For $10.8M With Buyer's Rep Jonny Chames
SOLD
$10,800,000
+ 1
Florida
See Similar DealsHotel16,913 SF
Sold 01/25/2022
SOLD
Condra Property Group Acquires Hollywood Beach Hotel For $10.8M With Buyer's Rep Jonny Chames
2012 North Surf Road, Hollywood, Florida 33019, United States
See Similar DealsHotel16,913 SF
Sold 01/25/2022
+ 1
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$638
Total Square Footage:16,913 SF
Transaction Type:Sale
The sale of a hotel property located at 2012 North Surf Road in Hollywood Beach has been completed. The transaction was finalized on January 25, 2022.
Summary of transaction details
- Property Type: Hotel
- Address: 2012 North Surf Road
- Market: Hollywood Beach
- Keys: 29
- Price per Key: $372,414
The buyer of the property is Condra Property Group, represented by Mark Drachman, Allen Konstam, and Ira Chaimovits. The seller is Viktor Properties, owned by Viktor Goldenberg. The deal was facilitated by Jonny Chames of Beachfront Realty Inc.
The hotel property was sold for the asking price of $10,800,000, which was also the final sale price. The property spans approximately 40,000 square feet, with a price per square foot of $270.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
Is there something missing? Send suggestions