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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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