Olga Gonzalez Acquires Hotel/Motel In Hollywood, FL For $3M
2710 North Ocean Drive, Hollywood, Florida 33019, United States
$3,000,000
$843/SF
Building Size
3,555 SF
Asset Type
Hotel
Closing
Sep 7, 2022
AI
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
Hollywood 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93