Hotel-Motel

Dolphin Harbor Inn (Part of Fort Lauderdale Beach Area Motel Portfolio)

4245 N Ocean Dr, Lauderdale-by-the-Sea, FL 33308

Listing Price: $3,950,000

Cap Rate
7.82%
Number of Rooms
22
Gross SF
7,141
Price/Room
$179,545
Price/Gross SF
$553.14
Year Built
1953

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in the Fort Lauderdale Beach Area Motel Portfolio consisting of the Washingtonia 20-unit motel and the Dolphin Harbor Inn 22-unit motel, both located in Lauderdale-By-The-Sea, Florida which is located within the Miami-Fort Lauderdale-West Palm Beach MSA. Both properties are located a three minute walk to the beach and in a diverse market with numerous demand generators including Fort Lauderdale-Hollywood International Airport and Port Everglades. The two properties are available to be acquired as a portfolio or can be sold separately.

Investment Highlights

  • Strong tourism and leisure market.
  • Offered free and clear of existing management and debt.
  • Attractive expansionary and redevelopment opportunity.

Exclusively Listed By

Hotel-Motel

Dolphin Harbor Inn (Part of Fort Lauderdale Beach Area Motel Portfolio)

Listing Price: $3,950,000

Cap Rate
7.82%
Number of Rooms
22
Gross SF
7,141
Price/Room
$179,545
Price/Gross SF
$553.14
Year Built
1953

Investment Highlights

  • Strong tourism and leisure market.
  • Offered free and clear of existing management and debt.
  • Attractive expansionary and redevelopment opportunity.

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in the Fort Lauderdale Beach Area Motel Portfolio consisting of the Washingtonia 20-unit motel and the Dolphin Harbor Inn 22-unit motel, both located in Lauderdale-By-The-Sea, Florida which is located within the Miami-Fort Lauderdale-West Palm Beach MSA. Both properties are located a three minute walk to the beach and in a diverse market with numerous demand generators including Fort Lauderdale-Hollywood International Airport and Port Everglades. The two properties are available to be acquired as a portfolio or can be sold separately.

Exclusively Listed By

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