Olga Gonzalez Acquires Hotel/Motel In Hollywood, FL For $3M
SOLD
Florida
See Similar DealsHotel3,555 SF
Sold 09/08/2022
SOLD
Olga Gonzalez Acquires Hotel/Motel In Hollywood, FL For $3M
2710 North Ocean Drive, Hollywood, Florida 33019, United States
See Similar DealsHotel3,555 SF
Sold 09/08/2022
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$843
Total Square Footage:3,555 SF
Transaction Type:Sale
The property involved in the transaction is a Hotel/Motel/Hostel/B&B located at 2710 N Ocean Dr in Hollywood, FL. The transaction took place on 09/08/2022. The property spans 3,555 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $843.
Summary of transaction details
- Property Type: Hotel/Motel/Hostel/B&B
- Transaction Amount: $3,000,000
- Square Footage: 3,555
- Price per Square Foot: $843
- Address: 2710 N Ocean Dr, Hollywood, FL
- Market: Hollywood, FL
The buyer of the property is Olga Gonzalez, while the seller is Marc Eisenmann.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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