Ben Knowles Acquires Hotel On El Mar Dr In Fort Lauderdale For $2.9M
SOLD
$2,900,000
Florida
See Similar DealsHotel3,694 SF
Sold 08/10/2022
SOLD
Ben Knowles Acquires Hotel On El Mar Dr In Fort Lauderdale For $2.9M
4213 El Mar Drive, Fort Lauderdale, Florida 33308, United States
See Similar DealsHotel3,694 SF
Sold 08/10/2022
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$785
Total Square Footage:3,694 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
Is there something missing? Send suggestions