SOLDHotel
Marcus & Millichap Brokers Sell Osprey & Nokomis Hotel For $15.4M
221 North Casey Key Road, Osprey, FL, USA
$15,400,000
$4,403/SF
Building Size
3,497 SF
Asset Type
Hotel
Closing
Apr 11, 2021
AI
The assets involved in the transaction are two hotels located at 1660 & 1650 S Tamiami Trail and 221 Casey Key Rd in Osprey & Nokomis, FL. The asset type of these properties is a hotel.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $15,400,000
- Rooms: 153
- Price per Room (PPR): $100,654
The brokers involved in this deal were David Greenberg, Gabriel Shamay, and Christopher Passeggiata from Marcus & Millichap.
Players
Osprey 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
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93