SOLDHotel
Yuda Gariplerden Acquires Fort Lauderdale Hotel For $4.3M
2908 Bayshore Dr, Fort Lauderdale, FL, USA
$4,300,000
$593/SF
Building Size
7,244 SF
Asset Type
Hotel
Closing
Aug 30, 2021
AI
2908 Bayshore Dr in Fort Lauderdale has been sold for $4,300,000. This hotel property spans 7,244 square feet, resulting in a price per square foot of $594.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $4,300,000
- Address: 2908 Bayshore Dr, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of this property is Yuda Gariplerden, while the sellers are Andrew Christopher Grossman and Lisa K. Grossman.
Players
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93