Fort Lauderdale Hotel Sold For $27.3M By Lee & Associates South Florida

The property involved in this transaction is a hotel located at 3601, 3711, 3801, 3811, 3821, 3621, and 3623 N Ocean Blvd in Fort Lauderdale. The sale took place on September 30, 2021. The property spans a total area of 67,254 square feet and was sold for a price of $27,260,000. This translates to a price per square foot of $405. The transaction also included 154 keys, resulting in a price per key of $177,013.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $27,260,000
• Market: Fort Lauderdale
• Address: 3601, 3711, 3801, 3811, 3821, 3621, and 3623 N Ocean Blvd
• Key Details: 154 keys
• Price per Key: $177,013
• Square Footage: 67,254
• Price per Square Foot: $405

The sale of this hotel property was brokered by Matthew Jacocks from Lee & Associates South Florida. The involvement of Matthew Jacocks highlights the importance of a real estate professional in facilitating this transaction.