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Brandon Garr Acquires Hotel In Anaheim, CA For $21M With Sellers Andree LeCocq

Property Image
SOLD
$21,000,000
Matthew Luchs
Steven Schechter
Brandon Michaels
+ 2

California

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Hotel99 SF
Sold 10/24/2022
the dealplayerscompscontact
Property Image
SOLD

Brandon Garr Acquires Hotel In Anaheim, CA For $21M With Sellers Andree LeCocq

1650 S Harbor Blvd, Anaheim, California 92802, United States

See Similar Deals
Hotel99 SF
Sold 10/24/2022
Matthew Luchs
Steven Schechter
Brandon Michaels
+ 2
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$212,121
Total Square Footage:99 SF
Transaction Type:Sale

The property involved in the transaction is a hotel located at 1650 S Harbor Blvd in Anaheim, CA. The sale took place on October 24, 2022.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $21,000,000
  • Address: 1650 S Harbor Blvd, Anaheim, CA
  • Keys: 115
  • Price per Key: $182,609
  • Square Footage: 99,572
  • Price per Square Foot: $211

The buyer in this transaction is Brandon Garr, while the seller is Andree LeCocq. The brokers involved in the deal are Brandon Michaels, Matthew Luchs, and Steven Schechter from Marcus & Millichap.

Players

Brandon Michaels
Marcus & Millichap
Brandon Michaels
138 deals$747.9M volume(818) 292-3175
BROKER
Steven Schechter
Marcus & Millichap
Steven Schechter
46 deals$283.6M volume
BROKER
Matthew Luchs
Zacuto Group
Matthew Luchs
90 deals$494.5M volume(818) 519-1429
BROKER
Matthew Luchs
Zacuto Group
Matthew Luchs
90 deals$494.5M volume(818) 519-1429
BROKER
BG
Brandon Garr
2 deals$42M volume
BUYER
AL
Andree LeCocq
2 deals$42M volume
SELLER

Details

SOLD
IMAGE: Matthew Luchs, Brandon Michaels, Steven Schechter DATE: 10/24/2022 ADDRESS: 1650 S Harbor Blvd MARKET: Anaheim, CA ASSET TYPE: Hotel BUYER: Brandon Garr SELLER: Andree LeCocq BROKERS: Brandon Michaels (@BrandonMichaelsGroup), Matthew Luchs @MatthewLuchs) & Steven Schechter (@Steven.Schechter.10) - Marcus & Millichap SALE PRICE: $21,000,000 KEYS: 115 ~ PPK: $182,609 SF: 99,572 ~ PPSF: $211

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56