Updated Oct 29, 2024
City Of Anaheim Acquires Hotel On South Beach Boulevard For $6.6M
823 S Beach BlvdAnaheim, CA 92804, USA
$6,600,000
Building Size
—
Asset Type
Hotel
Closing
Jan 11, 2023
About this deal
AI
The City of Anaheim, represented by Mayor Ashleigh Aitken and City Manager James Vanderpool, has acquired a hotel property located at 823 South Beach Boulevard in Anaheim. The property was sold for $6,600,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $6,600,000
- Address: 823 South Beach Boulevard, Anaheim
- Market: Anaheim
This transaction involved the purchase of a hotel property by The City of Anaheim. The deal was finalized on January 12, 2023, with a sale price of $6,600,000. The property is located at 823 South Beach Boulevard in Anaheim, which is part of the Anaheim market.
Players
Los Angeles Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93