Denver-Based Buyer Acquires 34-Unit Shepherds Motel In Colorado For $3M
1525 Valentia Street Denver, Colorado 80220, USA
$3,000,000
Units
34
Asset Type
Hotel
Closing
Jun 23, 2023
About this deal
AI
A historic property in Denver, Colorado has been sold to a local buyer for $3 million. The Shepherds Motel, featuring 34 units, was purchased by a Denver-based buyer. The motel, located at 1525 Valentia St., has been under family ownership and operation since 1994.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $3,000,000
- Units: 34
- Price Per Unit: $88,235
- Address: 1525 Valentia Street, Denver, CO
Barton Thompson and James Few, representing the Thompson Group at Pinnacle Real Estate Advisors, played dual roles in facilitating the transaction as representatives of both the seller and the buyer.
Players
Denver 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93