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
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