Shmuel Bonnardel's RORE Investment Acquires Hotel In Coral Springs, FL For $11.7M
3100 N University Dr, Coral Springs, FL 33065, USA
$11,675,000
$284/SF
Building Size
41,041 SF
Asset Type
Hotel
Closing
Nov 1, 2022
AI
A hotel located at 3100 N University Dr in Coral Springs, FL has been sold for the price of $11,675,000. The property spans across 41,041 square feet, resulting in a price per square foot of $284.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $11,675,000
- Address: 3100 N University Dr, Coral Springs, FL
- Market: Coral Springs, FL
- Square Footage: 41,041
- Price Per Square Foot: $284
The buyer, Shmuel Bonnardel, represented by RORE Investment, acquired the hotel. For inquiries regarding potential future deals, RORE Investment can be reached at [email protected] or (904) 310-0065.
Players
Coral Springs 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93