SOLDHotel
Rueben Zulauf Of JV Capital Group LLC Acquires Hotel In Clearwater For $6.3M
21252 Us Hwy 19 N
$6,300,000
Building Size
—
Asset Type
Hotel
Closing
Sep 24, 2021
About this deal
AI
The property asset involved in the transaction is a hotel located at 21252 Us Hwy 19 N in Clearwater. The transaction was finalized on September 24, 2021, and the sale price was $6,300,000.00.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $6,300,000.00
- Buyer: Rueben Zulauf (JV Capital Group LLC)
- Market: Clearwater
The deal involved Rueben Zulauf representing JV Capital Group LLC as the buyer in this sale transaction. Further information about the seller or other parties involved was not provided.
On the Map
$6,300,000
Hotel
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Clearwater 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93