SOLDHotel
Coronado Residences Hotel LLC Acquires Hotel In Coronado, CA For $8M
1113 Adella Avenue
$8,000,000
Building Size
—
Asset Type
Hotel
Closing
Nov 7, 2022
AI
A Hotel located at 1113 Adella Avenue in Coronado, CA was recently sold for a price of $8,000,000. The transaction took place on 11/07/2022.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $8,000,000
- Address: 1113 Adella Avenue, Coronado, CA
- Market: Coronado, CA
The buyer of the hotel property was Coronado Residences Hotel LLC. The sale was facilitated by Connor Stolle and Carson Trujillo from the agency Marcus & Millichap.
Players
Coronado 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93