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
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