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1077 Airport Road, Jacksonv...

Steven Campisi Acquires Hotel In Jacksonville From Samuel Bonnardel For $3.15M
SOLDHotel

Steven Campisi Acquires Hotel In Jacksonville From Samuel Bonnardel For $3.15M

1077 Airport Road, Jacksonville, Florida 32218, United States

$3,150,000

$84/SF

Building Size

37,500 SF

Asset Type

Hotel

Closing

Mar 30, 2022

AI

The hotel located at 1077 Airport Rd in Jacksonville has been sold for a price of $3,150,000. The transaction took place on March 31, 2022. The property spans over 37,500 square feet, with a price per square foot of $84. It consists of 116 keys, and the price per key is $27,155. The buyer of the hotel is Steven Campisi, while the seller is Samuel Bonnardel.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $3,150,000
  • Address: 1077 Airport Rd, Jacksonville
  • Market: Jacksonville
  • Asset Type: Hotel
  • Buyer: Steven Campisi
  • Seller: Samuel Bonnardel

Rore Investment Group, represented by Samuel Bonnardel, is actively seeking economy, mid-scale hotels, apartment complexes, and retail properties for purchase. The group, along with its capital partners, can underwrite quickly and close deals with cash. For property owners interested in receiving an offer, they can get in touch with Rore Investment Group through [email protected] or 305 542 7051. More information can be found on their website at roreinvestmentgroup.com.

Players

Samuel Bonnardel

Broker

$64.2M

vol

8 deals

Broker
Steven Campisi

Steven Campisi

Buyer

$120.2M

vol

3 deals

Buyer
RG
RORE Investment GroupBuyer
Samuel Bonnardel

Samuel Bonnardel

RORE Investment Group

Seller

$64.2M

vol

8 deals

Seller

Jacksonville Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93