Rueben Zulauf Of JV Capital Group LLC Acquires Hotel In Jacksonville For $8.3M
SOLD
$8,300,000
Florida
See Similar DealsHotel
Sold 11/23/2022
SOLD
Rueben Zulauf Of JV Capital Group LLC Acquires Hotel In Jacksonville For $8.3M
4690 Salisbury Road
See Similar DealsHotel
Sold 11/23/2022
Summary
FLORIDA
Asset Type:Hotel
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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