SOLDHotel
Ben Knowles Acquires Hotel On El Mar Dr In Fort Lauderdale For $2.9M
4213 El Mar Drive, Fort Lauderdale, Florida 33308, United States
$2,900,000
$785/SF
Building Size
3,694 SF
Asset Type
Hotel
Closing
Aug 9, 2022
AI
The property involved in this closed transaction is a Hotel/Motel/Hostel/B&B located at 4213 El Mar Dr, Fort Lauderdale, FL. The property spans across 3,694 square feet.
Summary of transaction details
- Property Type: Hotel/Motel/Hostel/B&B
- Transaction Amount: $2,900,000
- Buyer: Ben Knowles
- Seller: Jesse Dalen
- Price per Square Foot: $785
The buyer in this transaction is represented by Ben Knowles, and the seller is represented by Jesse Dalen.
Players
Lauderdale By The Sea 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93