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5649 Cagle Road

Rueben Zulauf Of JV Capital Group LLC Purchases Hotel On Cagle Road In Jacksonville For $4M
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

Rueben Zulauf

JV Capital Group

Buyer

$46.4M

vol

7 deals

Buyer

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