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Denver-Based Buyer Acquires 34-Unit Shepherds Motel In Colorado For $3M
SOLD
Colorado
See Similar DealsHotel
Sold 06/23/2023
SOLD
Denver-Based Buyer Acquires 34-Unit Shepherds Motel In Colorado For $3M
1525 Valentia Street Denver, Colorado 80220, USA
See Similar DealsHotel
Sold 06/23/2023
Summary
COLORADO
Asset Type:Hotel
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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