Joel Tucker & Martin Agnew Acquire Hotel In Big Bear Lake For $1.13M
449 Georgia Street, Big Bear Lake, California 92315, United States
$1,130,000
$482/SF
Building Size
2,340 SF
Asset Type
Hotel
Closing
May 12, 2022
AI
The Hotel located at 449 Georgia St. in Big Bear Lake has been sold in a recent transaction. The property consists of 2,340 square feet and was sold for a price of $1,130,000. This translates to a price per square foot of $482. The sale took place on 05/13/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $1,130,000
- Address: 449 Georgia St.
- Market: Big Bear Lake
The buyers of the property were Joel Tucker & Martin Agnew, while Lani Alexander acted as the seller. Martin Agnew and Ryan Serling from the Agnew-Serling Group represented the buyers, and Joseph Ferraro from Keller Williams served as the seller's representative in this deal.
Players
Big Bear Lake 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
14.04%
Cash-on-Cash
-4.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93