SOLDHospital
Rueben Zulauf Of JV Capital Group LLC Purchases Hotel On Cagle Road In Jacksonville For $4M
5649 Cagle Road
$4,000,000
Building Size
—
Asset Type
Hospital
Closing
Jun 30, 2021
AI
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.
Players
Jacksonville Hospital Market Snapshot
Boundary boundary · Hospital · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93