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
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