San Diego Hotel Sold For $6.5M With Marcus & Millichap's Aaron Bove As The Broker
410 Elm Street, San Diego, California 92101, United States
$6,500,000
$2,987/SF
Building Size
2,176 SF
Asset Type
Hotel
Closing
Jun 29, 2022
AI
A hotel located at 410 Elm St. in San Diego has been sold for $6,500,000. The transaction took place on June 30, 2022. The hotel consists of 55 rooms and was sold by Aaron Bove of Marcus & Millichap.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $6,500,000
- Address: 410 Elm St.
- Market: San Diego
- Broker: Aaron Bove - Marcus & Millichap
Aaron Bove of Marcus & Millichap represented the seller in this deal. The sale price of the hotel equates to approximately $118,181 per key.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93