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Michael Daniel Acquires Hotel In Fort Lauderdale For $10M

3001 North Federal Highway
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This Hotel property located in FL was sold for $10,000,000 over 4 years ago. The brokers of the deal were Aaron O'Connor, Scott Havericak, Joseph Thomas, Robert Hunter, Adam Duncan, and Tyler Carbonelli

The Hotel located at 3001 N. Federal Highway in Fort Lauderdale was sold on November 29, 2019. The property spans across a total square footage of 102,000 and consists of 105 units. The sale price for this transaction was $10,000,000, resulting in a price per square foot of $98 and a price per unit of $95,238.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $10,000,000
  • Address: 3001 N. Federal Highway, Fort Lauderdale
  • Market: Fort Lauderdale

The seller of this property was Soneet R. Kapila, while the buyer was Michael Daniel. The deal was facilitated by brokers Scott Havericak, Joseph P. Thomas, Robert S. Hunter, Adam G. Duncan, Aaron Connor, and Tyler B. Carbonelli from Marcus & Millichap.

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Deals
  • Location
    3001 North Federal Highway, Fort Lauderdale, FL, USA3001 North Federal Highway, Fort Lauderdale, FL, USA
  • Sale Price
    $10,000,000$10,000,000
    $98 PPSF$98 PPSF
  • Area
    102,000 SF102,000 SF
  • Asset Type
    HotelHotel
  • Parties
    6 Brokers, 2 Agencies6 Brokers, 2 Agencies

Agents

Aaron O'Connor

Aaron O'Connor

Deals5
Sold$31.7M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

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Deal Summary

SALE IMAGE: Michael Daniel, Joseph P. Thomas, Robert S. Hunter & Adam G. Duncan DATE: 11/29/2019 ADDRESS: 3001 N. Federal Highway MARKET: Fort Lauderdale ASSET TYPE: Hotel SELLER: Soneet R. Kapila BUYER: Michael Daniel BROKERS: Scott Havericak, Joseph P. Thomas, Robert S. Hunter, Adam G. Duncan, Aaron Connor, Tyler B. Carbonelli - Marcus & Millichap PRICE: $10,000,000 SF: 102,000 ~ PPSF: $98 UNITS: 105 ~ PPU: $95,238

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3001 North Federal Highway

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