SOLD
Corry Oakes Of OTO Development Acquires Hotel In Fort Walton For $23.6M
380 Santa Rosa Boulevard
Hotel
61,380 SF
61,380 SF
Sold 1 year ago
Summary
Sale
FLORIDA
Hotel
61,380 sqft
A hotel located at 380 Santa Rosa Blvd in Fort Walton has been sold for a price of $23,620,100. The property covers an area of 61,380 square feet, with a price per square foot of $385. The sale took place on February 28, 2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $23,620,100
- Address: 380 Santa Rosa Blvd, Fort Walton
- Market: Fort Walton
The buyer of the hotel is Corry Oakes from OTO Development, while the seller is Bruce McAlpin. The deal was facilitated by brokers David Altman, Robert Hunter, and Leo Reilly from Marcus & Millichap.
It's worth noting that the hotel consists of 100 keys, with a price per key of $236,201. This transaction showcases the robust hotel market in Fort Walton.
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Details
SOLD
IMAGE: Leo Reilly, David Altman & Robert Hunter
DATE: 02/28/2022
ADDRESS: 380 Santa Rosa Blvd
MARKET: Fort Walton
ASSET TYPE: Hotel
BUYER: Corry Oakes - OTO Development
SELLER: Bruce McAlpin
BROKERS: David Altman (@AltmanHotelAdvisor), Robert Hunter & Leo Reilly - Marcus & Millichap
SALE PRICE: $23,620,100
KEYS: 100 ~ PPK: $236,201
SF: 61,380 ~ PPSF: $385View on map
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Address380 Santa Rosa Boulevard
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