Nella Invest LLC Acquires Melbourne Hotel For $59M
801 Strawbridge Avenue, Melbourne, Florida 32901, United States
$59,000,000
Building Size
—
Asset Type
Hotel
Closing
Sep 5, 2022
About this deal
AI
801 E. Strawbridge Ave in Melbourne has been sold for a price of $59,000,000. This property is a hotel with 180 keys, resulting in a price per key of $327,778. The sale was finalized on 09/06/2022.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $59,000,000
- Address: 801 E. Strawbridge Ave
- Market: Melbourne
Nella Invest LLC bought the property from the sellers Opterra Capital, Willow Street Capital, Duke Hospitality, and LCP Group. The transaction was facilitated by Christian Charre, Paul Weimer, Jennifer Jin, and Andrew Pastorino from CBRE.
On the Map
$59,000,000
Hotel
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Players
Melbourne 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93