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4018 W Vine St, Kissimmee, ...

Marcus & Millichap Brokers Facilitate $10.5M Sale Of Kissimmee Hotel At 4018 W Vine St
SOLDHotel

Marcus & Millichap Brokers Facilitate $10.5M Sale Of Kissimmee Hotel At 4018 W Vine St

4018 W Vine St, Kissimmee, FL, USA

$10,500,000

$54/SF

Building Size

192,971 SF

Asset Type

Hotel

Closing

Oct 27, 2021

AI

Located in Kissimmee, the property at 4018 W Vine St was recently sold in a closed transaction. The asset, which is a hotel, exchanged ownership on October 27, 2021. The deal was facilitated by Marcus & Millichap, with brokers Christopher Passeggiata, David M. Greenberg, Ely Silverstein, and Gabriel Shamay representing the parties involved.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $10,500,000
  • Address: 4018 W Vine St
  • Market: Kissimmee
  • Brokers: Christopher Passeggiata, David M. Greenberg, Ely Silverstein, and Gabriel Shamay - Marcus & Millichap
  • Keys: 223
  • Price per Key (PPK): $47,085

The brokers from Marcus & Millichap played a significant role in facilitating the transaction, ensuring a successful sale. Ely Silverstein, David M. Greenberg, Christopher Passeggiata, and Gabriel Shamay, acted as representatives for the buyers and sellers, working diligently to finalize the deal. Their expertise and knowledge in the market of Kissimmee were instrumental in achieving the sale of the hotel property.

Players

David Greenberg

Cushman & Wakefield

Broker

$93.1M

vol

9 deals

Broker

Kissimmee 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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93