Raviv Capital Acquires Hotel In Fort Lauderdale For $10.5M
SOLD
$10,500,000
Florida
See Similar DealsHotel21,543 SF
Sold 05/27/2022
SOLD
Raviv Capital Acquires Hotel In Fort Lauderdale For $10.5M
539 North Birch Road, Fort Lauderdale, Florida 33304, United States
See Similar DealsHotel21,543 SF
Sold 05/27/2022
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$487
Total Square Footage:21,543 SF
Transaction Type:Sale
A hotel located at 539 North Birch Road in Fort Lauderdale has been sold for $10,500,000. The transaction took place on May 27, 2022. The hotel consists of 33 keys, with a price per key of $318,182.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $10,500,000
- Address: 539 North Birch Road, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the hotel is Lior Raviv, representing Raviv Capital. The seller is Casey Karl Koslowski, who was represented by CKK Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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