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692 Bay Esplanade, Clearwat...

Updated Dec 21, 2023

Jill White Acquires Hotel In Clearwater Beach, FL For $3.3M
SOLDHotel

Jill White Acquires Hotel In Clearwater Beach, FL For $3.3M

692 Bay Esplanade, Clearwater Beach, Florida 33767, United States

$3,300,000

$1,175/SF

Building Size

2,808 SF

Asset Type

Hotel

Closing

Mar 13, 2022

About this deal

AI

The hotel situated at 692 Bay Esplanade in Clearwater Beach, FL has been sold in a recent transaction. The property spans 2,808 square feet and was sold at a price of $3,300,000, resulting in a price per square foot of $1,175. The sale took place on 03/14/2022.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $3,300,000
  • Address: 692 Bay Esplanade, Clearwater Beach, FL
  • Market: Clearwater Beach, FL
  • Buyer: Jill White
  • Seller: Peter Meroli
  • Square Footage: 2,808
  • Price per Square Foot: $1,175

Jill White was the buyer in this transaction, while Peter Meroli acted as the seller. Both parties agreed on the deal, which resulted in the successful sale of the hotel property. The transaction was facilitated by their respective representatives.

Players

Clearwater Beach Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $3.3M for 2,808 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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