Shmuel Bonnardel Of RORE Investment Group Acquires Hotel In Miami Springs For $7.75M
656 East Drive, Miami Springs, Florida 33166, United States
$7,750,000
$263/SF
Building Size
29,416 SF
Asset Type
Hotel
Closing
Nov 10, 2022
About this deal
AI
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.
On the Map
$7,750,000
$263/SF
Hotel
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Miami Springs 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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93