SOLDHotel
Rueben Zulauf Of JV Capital Group LLC Acquires Hotel In Jacksonville For $8.3M
4690 Salisbury Road
$8,300,000
Building Size
—
Asset Type
Hotel
Closing
Nov 23, 2022
About this deal
AI
The asset involved in this transaction is a hotel located at 4690 Salisbury Road in the Jacksonville market. The property was sold for a price of $8,300,000.00.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $8,300,000.00
- Buyer: Rueben Zulauf (JV Capital Group LLC)
- Sale Date: 11/23/2022
- Address: 4690 Salisbury Road
- Market: Jacksonville
Rueben Zulauf, representing JV Capital Group LLC, was the buyer in this transaction, facilitating the deal as part of their investment strategy in the Jacksonville market.
On the Map
$8,300,000
Hotel
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Players
Jacksonville 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93