Claridge Homes 3000 Waterside Lp Acquires Hotel In Fort Lauderdale For $12.5M
2910 East Oakland Park Boulevard, Fort Lauderdale, Florida 33306, United States
$12,500,000
$389/SF
Building Size
32,093 SF
Asset Type
Hotel
Closing
Mar 1, 2022
About this deal
AI
The hotel located at 2910 E Oakland Park Blvd in Fort Lauderdale, FL has been sold in a closed transaction. The property, spanning 32,093 square feet, was sold for a price of $12,500,000, resulting in a price per square foot of $389.
Summary of Transation Details
- Property Type: Hotel
- Sale Price: $12,500,000
- Square Footage: 32,093
- Price per Square Foot: $389
- Address: 2910 E Oakland Park Blvd, Fort Lauderdale, FL
The buyer of the hotel is Claridge Homes 3000 Waterside Lp, while the seller is Dk Mink.
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93