Updated Dec 4, 2024
Aseem Tandom of Cushman & Wakefield Represented the Buyer of the Hotel In Lancaster For $13.89M
1811 West Avenue J 12
$13,890,000
$265/SF
Building Size
52,263 SF
Asset Type
Hotel
Closing
Feb 16, 2024
About this deal
AI
The Hotel located at 1811 West Avenue J 12 in Lancaster was sold for $13,890,000. The property spans 52,263 square feet, resulting in a price per square foot of $266.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $13,890,000
- Address: 1811 West Avenue J 12
- Market: Lancaster
- Buyer's Rep: Aseem Tandom - Cushman & Wakefield
Aseem Tandom from Cushman & Wakefield represented the buyer in this transaction.
The hotel sale at 1811 West Avenue J 12 in Lancaster, California sold for $13.9M in 2024. The building is 52,263 square feet, implying about 265 per square foot on the published price. Aseem Tandon, Cushman & Wakefield appear on the sale alongside Cushman & Wakefield. This page is the Lancaster, California file for the 1811 West Avenue J 12 hotel sold: pricing, party profiles, and other closed hotel comps from the same Lancaster sit in the Market section below. Filter that Lancaster hotel set by closing date to see what else sold near 1811 West Avenue J 12 around 2024. Published consideration for 1811 West Avenue J 12 is $13.9M, dated 2024. Cite this Aseem Tandom of Cushman & Wakefield Represented the Buyer of the Hotel In Lancaster For $13.89M sale when underwriting similar hotel product around Lancaster, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93