Loc Nguyen Purchases Hotel In Sunset Beach From Rick Washburn For $3.195M With Broker Representation By Ryan Sharpe & Rod Roberts
SOLD
$3,195,000
California
See Similar DealsHotel5,800 SF
Sold 12/31/2024
SOLD
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
See Similar DealsHotel5,800 SF
Sold 12/31/2024
Summary
CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$550
Total Square Footage:5,800 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,351.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,145.93
Annual Debt Service$181,751.16
Is there something missing? Send suggestions