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Yuda Gariplerden Acquires Fort Lauderdale Hotel For $4.3M

Property Image
SOLD
$4,300,000

Florida

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Hotel7,244 SF
Sold 08/31/2021
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Property Image
SOLD

Yuda Gariplerden Acquires Fort Lauderdale Hotel For $4.3M

2908 Bayshore Dr, Fort Lauderdale, FL, USA

See Similar Deals
Hotel7,244 SF
Sold 08/31/2021
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$593
Total Square Footage:7,244 SF
Transaction Type:Sale

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

YG
Yuda Gariplerden
2 deals$10.2M volume
BUYER

Details

SOLD
IMAGE: 08/31/2021 ADDRESS: 2908 Bayshore Dr MARKET: Fort Lauderdale ASSET TYPE: Hotel BUYER: Yuda Gariplerden SELLER: Andrew Christopher Grossman & Lisa K. Grossman SALE PRICE: $4,300,000 SF: 7,244 ~ PPSF: $594

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33