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4111 Lincoln Avenue, Torran...

Vivo Living Acquires Hotel In Torrance For $15.1M
SOLDHotel

Vivo Living Acquires Hotel In Torrance For $15.1M

4111 Lincoln Avenue, Torrance, CA, USA

$15,100,000

$304/SF

Building Size

49,640 SF

Asset Type

Hotel

Closing

Oct 4, 2021

AI

An hotel located at 4111 Pacific Coast Hwy in Torrance has been sold for $15,100,000. The property spans across 49,640 square feet, with a price per square foot of $304. It consists of 92 keys, resulting in a price per key of $164,130.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $15,100,000
  • Address: 4111 Pacific Coast Hwy
  • Market: Torrance
  • Square Footage: 49,640
  • Price per Square Foot: $304
  • Number of Keys: 92
  • Price per Key: $164,130

The buyer, Vivo Living, was represented by Akash Rohero, Eli Soroudi, Dan Norville, and Brett Tanimoto. The seller of the property was Devang Patel. Sam Liberow acted as the buyer's representative in this transaction.

Players

Sam Liberow

Marcus & Millichap

Broker

$762.3M

vol

105 deals

Broker

Dan Norville

Buyer

$15.1M

vol

1 deal

Buyer

Torrance 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

1.05%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93