Curley Lee Bonds II Acquires Hotel In Fort Lauderdale For $15.65M
2275 West State Road 84th, Fort Lauderdale, Florida 33312, United States
$15,650,000
$218/SF
Building Size
71,567 SF
Asset Type
Hotel
Closing
Sep 15, 2022
About this deal
AI
The property asset involved in this transaction is a Hotel/Motel/Hostel/B&B located at 2275 W State Road 84 in Fort Lauderdale, FL. The property spans a total area of 71,567 square feet, with a price per square foot of $218. The sale took place on September 16, 2022, and the transaction amount was $15,650,000. The buyer of the property is Curley Lee Bonds II, while the seller is Sudha Bhakta.
Summary of transaction details
- Property Type: Hotel/Motel/Hostel/B&B
- Transaction Amount: $15,650,000
- Address: 2275 W State Road 84, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Square Footage: 71,567
- Price per Square Foot: $218
- Buyer: Curley Lee Bonds II
- Seller: Sudha Bhakta
Curley Lee Bonds II represented the buyer in this transaction. No additional information about the deal's key individuals and companies is available.
On the Map
$15,650,000
$218/SF
Hotel
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Players
Fort Lauderdale 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
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93