The Canero Group Sells Fort Lauderdale Hotel For $15.55M On W State Rd 84
2275 West State Road 84
$15,550,000
$217/SF
Building Size
71,567 SF
Asset Type
Hotel
Closing
Sep 9, 2022
AI
The asset involved in this transaction is a hotel located at 2275 W State Rd 84 in the Fort Lauderdale market. The sale price of the property was $15,550,000, with a total square footage of 71,567 and a price per square foot of $217.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $15,550,000
- Address: 2275 W State Rd 84
- Market: Fort Lauderdale
- Total Square Feet: 71,567
- Price Per Square Foot: $217
The transaction was facilitated by broker Andres Betancourt of The Canero Group, representing the involved parties in the hotel sale.
Fort Lauderdale Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93