Do Van Tron Acquires 26-Key Hotel In San Jose For $6.4M Via Meacham/Oppenheimer
SOLD
$6,400,000
California
See Similar DealsHotel
Sold 09/13/2022
SOLD
Do Van Tron Acquires 26-Key Hotel In San Jose For $6.4M Via Meacham/Oppenheimer
2724 Monterey Road, San Jose, California 95111, United States
See Similar DealsHotel
Sold 09/13/2022
Summary
CALIFORNIA
Asset Type:Hotel
Transaction Type:Sale
The property involved in this transaction is a Hotel located at 2724 Monterey Road in San Jose. The property sits on a spacious 2.4-acre lot. The sale took place on September 13, 2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $6,400,000
- Address: 2724 Monterey Road
- Market: San Jose
- Acres: 2.4
The buyer in this transaction is Do Van Tron. The deal was facilitated by brokers David Taxin and Jeremy Awdish from Meacham/Oppenheimer. The sale price for the property was $6,400,000.
Notable details about the property include the presence of 26 keys and a price per key (PPK) of $246,154.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$341,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18
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