El Rancho Development Acquires Hotel In Silicon Valley For $11M, Brokered By Dev Patel
4164 El Camino Real, Palo Alto, CA, USA
$11,000,000
$333/SF
Building Size
33,003 SF
Asset Type
Hotel
Closing
May 20, 2021
AI
A hotel located at 4164 El Camino Real in Silicon Valley has been sold on May 21, 2021. The property, with a total of 37 units, was purchased by El Rancho Development for a price of $11,000,000. The sale was facilitated by broker Dev Patel from the agency Mistry & Sons.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $11,000,000
- Address: 4164 El Camino Real
- Market: Silicon Valley
- Units: 37
- Price per Unit: $297,297
- Buyer: El Rancho Development
- Seller: Mistry & Sons
- Broker: Dev Patel - Mistry & Sons
Please note that Dev Patel can be contacted at [email protected] for inquiries regarding off-market hotel opportunities.
Players
Palo Alto 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93