1491 Via Soledad LLC Purchases Property From Unknown LLC In Palm Springs For $2.7M
SOLD
$2,700,000
California
See Similar DealsHotel
SOLD
1491 Via Soledad LLC Purchases Property From Unknown LLC In Palm Springs For $2.7M
1491 Vía Soledad, Palm Springs, CA...
See Similar DealsHotel
Summary
CALIFORNIA
Asset Type:Hotel
Transaction Type:Sale
The La Dolce Vita Resort & Spa, a 19-room property, has been sold for $2,700,000.00. It is located at 1491 Vía Soledad in the Palm Springs market. The property has a square footage of 0.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $2,700,000.00
- Address: 1491 Vía Soledad, Palm Springs, CA
- Seller: Unknown LLC
- Buyer: 1491 Via Soledad LLC
- Seller's Representative: Joshua Yammer, Marcus & Millichap
- Buyer's Representative: Joshua Yammer, Sarhan Mheni, Walter Brauer, Marcus & Millichap
The transaction involved multiple representatives from Marcus & Millichap, with Joshua Yammer leading the representation for both the buyer and seller in this deal. The buyer is identified as 1491 Via Soledad LLC and the seller is categorized as Unknown LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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