Updated Sep 9, 2024
Brandon Garr Acquires Hotel In Anaheim, CA For $21M With Sellers Andree LeCocq
1650 S Harbor Blvd, Anaheim, California 92802, United States
$21,000,000
$212,121/SF
Building Size
99 SF
Asset Type
Hotel
Closing
Oct 24, 2022
About this deal
AI
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
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93