Shmuel Bonnardel Of RORE Investment Group Acquires Hotel In Miami Springs For $7.75M
SOLD
$7,750,000
Florida
See Similar DealsHotel29,416 SF
SOLD
Shmuel Bonnardel Of RORE Investment Group Acquires Hotel In Miami Springs For $7.75M
656 East Drive, Miami Springs, Florida 33166, United States
See Similar DealsHotel29,416 SF
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$263
Total Square Footage:29,416 SF
Transaction Type:Sale
A hotel located at 656 East Dr in Miami Springs, FL has been sold for a total price of $7,750,000. The property covers an area of 29,416 square feet, resulting in a price per square foot of $263. The hotel consists of 104 rooms, which translates to a price per key of $74,519. This transaction was facilitated by Shmuel Bonnardel from RORE Investment Group, who represented the buyer.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $7,750,000
- Address: 656 East Dr, Miami Springs, FL
- Market: Miami Springs, FL
- Square footage: 29,416
- Price per square foot: $263
- Number of keys: 104
- Price per key: $74,519
Shmuel Bonnardel, representing RORE Investment Group, acted as the buyer in this deal. If you have any potential deals, you can reach out to Shmuel Bonnardel at [email protected] or call (904) 310-0065. RORE Investment Group is actively looking for new investment opportunities.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45
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