Updated Sep 9, 2024
Brandon Garr Acquires Hotel In Anaheim, CA For $21M
1650 South Harbor Boulevard
$21,000,000
$210/SF
Building Size
99,572 SF
Asset Type
Hotel
Closing
Oct 24, 2022
About this deal
AI
The hotel located at 1650 S Harbor Blvd in Anaheim, CA has been sold in a closed transaction. The property, with a total square footage of 99,572 and a price per square foot of $211, was acquired by Brandon Garr. The seller of the property was Andree LeCocq. The deal was facilitated by Brandon Michaels, Matthew Luchs, and Steven Schechter from Marcus & Millichap.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $21,000,000
- Address: 1650 S Harbor Blvd, Anaheim, CA
- Buyer: Brandon Garr
- Seller: Andree LeCocq
- Brokers: Brandon Michaels, Matthew Luchs, Steven Schechter - Marcus & Millichap
This successful transaction involved Brandon Garr as the buyer and Andree LeCocq as the seller. The deal was facilitated by Brandon Michaels, Matthew Luchs, and Steven Schechter from Marcus & Millichap. The property, with a total of 115 keys, was sold for a price of $21,000,000, resulting in a price per key of $182,609.
Players
Anaheim Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93