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
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.
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