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
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.
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