QDI 3, LLC Acquires Hotel In Wesley Chapel For $8.82M From Seller NARD, Inc
5703 Oakley Boulevard, Wesley Chapel, Florida 33544, United States
$8,825,000
Building Size
—
Asset Type
Hotel
Closing
Jun 28, 2022
About this deal
AI
A hotel located at 5703 Oakley Blvd in Wesley Chapel has been sold for a price of $8,825,000. The property, represented by Dennis S. Hopper of DSH Hotel Advisors, was purchased by QDI 3, LLC from the seller NARD, Inc. The transaction took place on June 29, 2022. The hotel comprises a total of 77 keys, with a price per key of $114,610.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $8,825,000
- Address: 5703 Oakley Blvd, Wesley Chapel
- Market: Wesley Chapel
- Buyer: QDI 3, LLC
- Seller: NARD, Inc.
- Broker: Dennis S. Hopper - DSH Hotel Advisors
The sale of the hotel was finalized on June 29, 2022. Dennis S. Hopper, representing DSH Hotel Advisors, played a key role in facilitating the transaction between QDI 3, LLC and NARD, Inc.
On the Map
$8,825,000
Hotel
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Players
Wesley Chapel 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
1.80%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93