Earl & Remy Jensen Sell Hotel In Saint Augustine For $3.85M With Frank Perez-Andreu - Keller Williams As The Broker
50 Vilano Road, St Augustine, Florida 32084, United States
$3,850,000
Building Size
—
Asset Type
Hotel
Closing
May 8, 2022
About this deal
AI
The property involved in this closed transaction is a hotel located at 50 Vilano Road in Saint Augustine. The transaction took place on 05/09/2022. The hotel consists of 24 keys and was sold for a price of $3,850,000, resulting in a price per key (PPK) of $160,417.
Summary of transaction details
- Property Type: Hotel
- Sale Price: $3,850,000
- Address: 50 Vilano Road
- Market: Saint Augustine
The sellers of the hotel were Earl & Remy Jensen. The broker representing the transaction was Frank Perez-Andreu from Keller Williams.
Saint Augustine 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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93