Joel Tucker & Martin Agnew Acquire Big Bear Lake Hotel For $1.57M
560 Jeffries Road, Big Bear Lake, California 92315, United States
$1,575,000
$607/SF
Building Size
2,592 SF
Asset Type
Hotel
Closing
May 12, 2022
AI
An hotel located at 560-572 Jeffries Rd. in Big Bear Lake was recently sold in a transaction on 05/13/2022. The property spans 2,592 square feet and was sold for a price of $1,575,000, resulting in a price per square foot of $607.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $1,575,000
- Address: 560-572 Jeffries Rd., Big Bear Lake
- Market: Big Bear Lake
- Buyer: Joel Tucker & Martin Agnew
- Seller: Cari Bravo & David Bravo
- Buyer's Representative: Martin Agnew & Ryan Serling - Agnew-Serling Group
- Seller's Representative: Joel Cheek
- Square Footage: 2,592
- Price per Square Foot: $607
The transaction was facilitated by Martin Agnew and Ryan Serling from Agnew-Serling Group, who represented the buyer, Joel Tucker and Martin Agnew. On the other side, Joel Cheek served as the seller's representative for Cari Bravo and David Bravo. The deal marked the successful transfer of ownership for the hotel property.
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93