Casa Florida Acquires Hotel In Gulfport For $3 Million
2937 Beach Boulevard South, Gulfport, Florida 33707, United States
$3,000,000
$260/SF
Building Size
11,508 SF
Asset Type
Hotel
Closing
Jun 5, 2022
About this deal
AI
The hotel located at 2937 Beach Blvd S in Gulfport has been sold for a total price of $3,000,000. The transaction took place on 06/06/2022. The property was purchased by Casa Florida, represented by Gaston Gonzalez, while the seller was Veronica Champion.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $3,000,000
- Address: 2937 Beach Blvd S
- Market: Gulfport
Gaston Gonzalez from Casa Florida was the buyer of the hotel, while Veronica Champion acted as the seller in the deal.
On the Map
$3,000,000
$260/SF
Hotel
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Players
Saint Petersburg 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93