Rueben Zulauf Of JV Capital Group LLC Purchases Hotel On Cagle Road In Jacksonville For $4M
SOLD
$4,000,000
Florida
See Similar DealsHospital
Sold 06/30/2021
SOLD
Rueben Zulauf Of JV Capital Group LLC Purchases Hotel On Cagle Road In Jacksonville For $4M
5649 Cagle Road
See Similar DealsHospital
Sold 06/30/2021
Summary
FLORIDA
Asset Type:Hospital
Transaction Type:Sale
The asset involved in this transaction is a hotel property located at 5649 Cagle Road in Jacksonville. The sale was completed on June 30, 2021, for a total transaction amount of $4,000,000.00.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $4,000,000.00
- Buyer: Rueben Zulauf (JV Capital Group LLC)
- Sale Date: June 30, 2021
- Address: 5649 Cagle Road
- Market: Jacksonville
In this transaction, Rueben Zulauf represented JV Capital Group LLC as the buyer of the hotel property, facilitating the purchase in the Jacksonville market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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