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
About this deal
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.
The hotel sale at 4213 El Mar Drive, Fort Lauderdale, Florida 33308, United States in Lauderdale By The Sea, Florida sold for $2.9M in 2022. The building is 3,694 square feet, implying about 785 per square foot on the published price. Named participants on the 4213 El Mar Drive, Fort Lauderdale, Florida 33308, United States sale are Jesse Dalen. This page is the Lauderdale By The Sea, Florida file for the 4213 El Mar Drive, Fort Lauderdale, Florida 33308, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Lauderdale By The Sea sit in the Market section below. Filter that Lauderdale By The Sea hotel set by closing date to see what else sold near 4213 El Mar Drive, Fort Lauderdale, Florida 33308, United States around 2022. Published consideration for 4213 El Mar Drive, Fort Lauderdale, Florida 33308, United States is $2.9M, dated 2022. Cite this Ben Knowles Acquires Hotel On El Mar Dr In Fort Lauderdale For $2.9M sale when underwriting similar hotel product around Lauderdale By The Sea, Florida.
On the Map
$2,900,000
$785/SF
Hotel
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Players
Lauderdale By The Sea Hotel Market Snapshot
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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