ESG Kullen Acquires Hotel In Ruskin From Carter Hospitality Group
536 Bahia Beach Blvd, Ruskin, FL, USA
$22,000,000
$47,619/SF
Building Size
462 SF
Asset Type
Hotel
Closing
May 21, 2020
About this deal
AI
536 Bahia Beach Blvd., located in Ruskin, was recently sold in a transaction. The property, a hotel in the market, was purchased by ESG Kullen from the seller, Carter Hospitality Group. The deal was facilitated by Sean Shahar A. Ziv, a broker representing the buyer, and the GLT Group Brokerage.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $22,000,000
- Units: 158
- Price Per Unit (PPU): $139,240
Sean Shahar A. Ziv, from GLT Group Brokerage, played a crucial role as the broker representing the buyer, ESG Kullen. This successful transaction showcases the expertise and professionalism of the parties involved in the deal.
On the Map
$22,000,000
$47,619/SF
Hotel
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Players
Ruskin 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93