Rueben Zulauf Of JV Capital Group LLC Acquires Hotel In Clearwater For $6.3M
SOLD
$6,300,000
Florida
See Similar DealsHospital
Sold 09/24/2021
SOLD
Rueben Zulauf Of JV Capital Group LLC Acquires Hotel In Clearwater For $6.3M
21252 Us Hwy 19 N
See Similar DealsHospital
Sold 09/24/2021
Summary
FLORIDA
Asset Type:Hospital
Transaction Type:Sale
The property asset involved in the transaction is a hotel located at 21252 Us Hwy 19 N in Clearwater. The transaction was finalized on September 24, 2021, and the sale price was $6,300,000.00.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $6,300,000.00
- Buyer: Rueben Zulauf (JV Capital Group LLC)
- Market: Clearwater
The deal involved Rueben Zulauf representing JV Capital Group LLC as the buyer in this sale transaction. Further information about the seller or other parties involved was not provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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