Ricky D Cook & Ronda A Cook Acquire Fort Lauderdale Hotel For $4.75M
SOLD
$4,750,000
Florida
See Similar DealsHotel6,957 SF
Sold 05/10/2022
SOLD
Ricky D Cook & Ronda A Cook Acquire Fort Lauderdale Hotel For $4.75M
4553 Bougainvilla Drive, Fort Lauderdale, Florida 33308, United States
See Similar DealsHotel6,957 SF
Sold 05/10/2022
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$682
Total Square Footage:6,957 SF
Transaction Type:Sale
The property involved in this transaction is a Hotel/Motel/Hostel/B&B located at 4553 Bougainvilla Dr in Fort Lauderdale, FL. The property is approximately 6,957 square feet and was sold on 05/10/2022 for a price of $4,750,000, resulting in a price per square foot of $682.
Summary of transation details
- Property Type: Hotel/Motel/Hostel/B&B
- Transaction Amount: $4,750,000
- Address: 4553 Bougainvilla Dr, Fort Lauderdale, FL
- Square Footage: 6,957
- Price per Square Foot: $682
- Buyer: Ricky D Cook & Ronda A Cook
- Seller: Jack Avid & Steven Oved
Ricky D Cook and Ronda A Cook were the buyers in this transaction, while Jack Avid and Steven Oved were the sellers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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