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4553 Bougainvilla Drive, Fo...

Ricky D Cook & Ronda A Cook Acquire Fort Lauderdale Hotel For $4.75M
SOLDHotel

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

Steven Oved

Seller

$22.2M

vol

5 deals

Seller

Lauderdale By The Sea Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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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