Loc Nguyen Purchases Hotel In Sunset Beach From Rick Washburn For $3.195M With Broker Representation By Ryan Sharpe & Rod Roberts
17101 Pacific Coast Highway
$3,195,000
$550/SF
Building Size
5,800 SF
Asset Type
Hotel
Closing
Dec 31, 2024
AI
The property involved in this transaction is a hotel located at 17101 Pacific Coast Highway in the Sunset Beach market. The sale price was $3,195,000, with the hotel having a total square footage of 5,800. The price per square foot for this transaction is $550.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $3,195,000
- Address: 17101 Pacific Coast Highway
- Market: Sunset Beach
- Square Footage: 5,800
- Price Per Square Foot: $550
- Buyer: Loc Nguyen
- Seller: Rick Washburn
- Brokers: Ryan Sharpe, Rod Roberts - Kidder Mathews
- Date of Transaction: 12/31/2024
Ryan Sharpe and Rod Roberts from Kidder Mathews represented both parties in this transaction, facilitating the sale between buyer Loc Nguyen and seller Rick Washburn. The involvement of these brokers highlights their expertise in handling hotel property deals in the Sunset Beach area.
Players
Sunset Beach 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93