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9247 Sepulveda Boulevard

Maheshkumar Patel Acquires Hotel Property In North Hills For $3.9M
SOLDHotel

Maheshkumar Patel Acquires Hotel Property In North Hills For $3.9M

9247 Sepulveda Boulevard

$3,915,000

$411/SF

Building Size

9,523 SF

Asset Type

Hotel

Closing

Apr 14, 2023

AI

A hotel located at 9247 Sepulveda Boulevard in North Hills has been sold in a recent transaction. The property spans 9,523 square feet and was sold for a price of $3,915,000, translating to a price per square foot of $411.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $3,915,000
  • Address: 9247 Sepulveda Boulevard
  • Market: North Hills

Maheshkumar Patel has acquired the hotel from Rosalinda Amor Roy. T.C. Macker and Jennifer Moscoso from WESTMAC Commercial Brokerage Company, along with Richard Schulman from KW Advisors, represented the parties involved in the transaction.

Players

Jennifer Moscoso

WESTMAC Commercial Brokerage Company

Broker

$241.9M

vol

30 deals

Broker

Market 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

4.05%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93