Josh Seidenfeld Acquires Hotel On Scott St In San Francisco For $17.45M
SOLD
$17,450,000
California
See Similar DealsHotel14,360 SF
Sold 03/11/2021
SOLD
Josh Seidenfeld Acquires Hotel On Scott St In San Francisco For $17.45M
2820 Scott Street, San Francisco, CA, USA
See Similar DealsHotel14,360 SF
Sold 03/11/2021
Summary
CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$1,215
Total Square Footage:14,360 SF
Transaction Type:Sale
The Hotel located at 2820 Scott St in San Francisco has been sold for a price of $17,450,000. The property spans across 14,360 square feet, resulting in a price per square foot of $1,215. The buyer of this hotel is Josh Seidenfeld, while the sellers are Kenneth Paige and Dorothy E Paige.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $17,450,000
- Address: 2820 Scott St, San Francisco
- Square Footage: 14,360
- Price per Square Foot: $1,215
- Buyer: Josh Seidenfeld
- Seller: Kenneth Paige & Dorothy E Paige
Josh Seidenfeld successfully closed the deal as the buyer of the hotel located at 2820 Scott St in San Francisco. Kenneth Paige and Dorothy E Paige represented the sellers in this transaction.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$930,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,996.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,721.90
Annual Debt Service$992,662.83
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