SOLDHotel
Rueben Zulauf Of JV Capital Group LLC Acquires Hotel In Jacksonville For $4.3M
8220 Dix Ellis Trail
$4,300,000
Building Size
—
Asset Type
Hotel
Closing
Feb 18, 2022
AI
The asset involved in this transaction is a hotel located at 8220 Dix Ellis Trail in Jacksonville. The property was sold for $4,300,000.00.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $4,300,000.00
- Buyer: Rueben Zulauf (JV Capital Group LLC)
- Sale Date: 02/18/2022
- Market: Jacksonville
The buyer in this transaction is Rueben Zulauf, representing JV Capital Group LLC. The transaction took place in the Jacksonville market, highlighting the ongoing activity within this sector.
Players
Jacksonville 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93