IQHQ Acquires Hotel On 3777 La Jolla Village Dr. In San Diego For $216M
3777 La Jolla Village Drive, San Diego, California 92122, United States
$216,000,000
Building Size
—
Asset Type
Hotel
Closing
Aug 10, 2022
AI
The hotel located at 3777 La Jolla Village Dr. in San Diego has been sold for a price of $216,000,000. Tracy Murphy represented the buyer, IQHQ, while GAW Capital Partners was the seller in this transaction.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $216,000,000
- Address: 3777 La Jolla Village Dr.
- Market: San Diego
In addition to the buyer and seller, Tracy Murphy from IQHQ played a crucial role as their representative in the deal.
Players
San Diego 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93