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
About this deal
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…
Deal FAQ
Visit Steven Oved to view all their deals.
Browse Lauderdale By The Sea hotel sales on Traded.
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