The Mogharebi Group Acquires Hotel In Anaheim, CA For $8.6M
1030 West Ball Road, Anaheim, California 92802, United States
$8,600,000
Building Size
—
Asset Type
Hotel
Closing
Sep 25, 2022
AI
A hotel property located at 1030 W Ball Rd in Anaheim, CA was recently sold for a price of $8,600,000. The transaction took place on September 26, 2022, and was brokered by Otto Ozen and Alex Mogharebi of The Mogharebi Group. The hotel features 44 keys, with a price per key of $195,455.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $8,600,000
- Address: 1030 W Ball Rd, Anaheim, CA
- Brokers: Otto Ozen & Alex Mogharebi - The Mogharebi Group
- Number of Keys: 44
- Price Per Key: $195,455
The sale of this hotel property represents a significant deal in the Anaheim, CA market. The involvement of brokers Otto Ozen and Alex Mogharebi from The Mogharebi Group showcases their expertise in the hotel sector, facilitating a successful transaction for all parties involved.
Players
Anaheim 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93