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
$6,400,000
Building Size
—
Asset Type
Hotel
Closing
Sep 12, 2022
AI
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.
Players
San Jose 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93