SOLDHotel
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
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.
Lancaster 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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93