Ricky D Cook & Ronda A Cook Acquire Fort Lauderdale Hotel For $4.75M
4553 Bougainvilla Drive, Fort Lauderdale, Florida 33308, United States
$4,750,000
$682/SF
Building Size
6,957 SF
Asset Type
Hotel
Closing
May 9, 2022
AI
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.
Players
Lauderdale By The Sea Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93