Marcus & Millichap Brokers Sell Apalachicola Hotel For $4.3M
249 US Highway 98, Apalachicola, Florida 32320, United States
$4,300,000
Building Size
—
Asset Type
Hotel
Closing
Apr 3, 2022
AI
A hotel located at 249 US-98 in Apalachicola has been sold for a price of $4,300,000. The property consists of 42 keys and has a price per key of $102,381. The transaction took place on April 4, 2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $4,300,000
- Address: 249 US-98, Apalachicola
- Market: Apalachicola
- Keys: 42
- Price Per Key: $102,381
- Date: April 4, 2022
The sale of the hotel was facilitated by Gabriel Shamay, David Greenberg, Christopher Passeggiata, and Ely Silverstein from Marcus & Millichap.
Please note that no additional information is available at this time.
Players
Apalachicola 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93