facebook
Traded Co logo
Submit

Joel Tucker & Martin Agnew Acquire Big Bear Lake Hotel For $1.57M

Property Image
SOLD
$1,575,000
Ryan Rothstein-Serling
Martin Agnew
+ 1

California

See Similar Deals
Hotel2,592 SF
Sold 05/13/2022
the dealplayerscompscontact
Property Image
SOLD

Joel Tucker & Martin Agnew Acquire Big Bear Lake Hotel For $1.57M

560 Jeffries Road, Big Bear Lake, California 92315, United States

See Similar Deals
Hotel2,592 SF
Sold 05/13/2022
Ryan Rothstein-Serling
Martin Agnew
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$607
Total Square Footage:2,592 SF
Transaction Type:Sale

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

Ryan Rothstein-Serling
122 deals$509.8M volume(818) 212-2725
BROKER

Joel Cheek
1 deal$1.6M volume
BROKER

Martin Agnew
119 deals$436.8M volume
BUYER

Details

SOLD
IMAGE: Ryan Serling & Martin Agnew DATE: 05/13/2022 ADDRESS: 560-572 Jeffries Rd. MARKET: Big Bear Lake ASSET TYPE: Hotel BUYER: Joel Tucker & Martin Agnew SELLER: Cari Bravo & David Bravo BUYER'S REP: Martin Agnew (@MartyAgnew) & Ryan Serling (@RyanRS14) - Agnew-Serling Group (@AgnewSerlingGroup) SELLER'S REP: Joel Cheek SALE PRICE: $1,575,000 SF: 2,592 ~ PPSF: $607

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$84,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
Annual Debt Service$89,595.64