Marshall Huffman & Carley Huffman Acquire Hotel On Gulf Blvd In Saint Petersburg, FL For $2.45M
12100 Gulf Boulevard, Treasure Island, Florida 33706, United States
$2,450,000
$648/SF
Building Size
3,780 SF
Asset Type
Hotel
Closing
Jan 27, 2022
About this deal
AI
The property involved in this transaction is a hotel located at 12100 Gulf Blvd in Saint Petersburg, FL. The hotel has a total area of 3,780 square feet. The transaction took place on January 28, 2022, with Marshall Huffman & Carley Huffman purchasing the property from Michele Smith for a price of $2,450,000. The price per square foot for the hotel is $648.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $2,450,000
- Square Footage: 3,780
- Address: 12100 Gulf Blvd, Saint Petersburg, FL
- Market: Saint Petersburg, FL
Marshall Huffman & Carley Huffman acted as the buyers in this transaction, while Michele Smith served as the seller. The deal represents a significant investment in the hotel market in Saint Petersburg, FL.
Players
Treasure Island 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93