Jacksonville Portfolio Opportunity II LP LLC Acquires Hotel In Jacksonville For $5.5M
8255 Dix Ellis Trail, Jacksonville, Florida 32256, United States
$5,500,000
Building Size
—
Asset Type
Hotel
Closing
Jan 13, 2023
About this deal
AI
A hotel located at 8255 Dix Ellis Trail in Jacksonville has been sold for $5,500,000. The property spans across 1.71 acres and features 105 keys. The price per key for this transaction is approximately $52,381. The sale took place on January 13, 2023.
Summary of Transaction Details:
- Property Type: Hotel
- Transaction Amount: $5,500,000
- Address: 8255 Dix Ellis Trail
- Market: Jacksonville
- Acres: 1.71
- Buyer: Jacksonville Portfolio Opportunity II LP LLC
- Seller: Ravi Hotels LLC
- Brokers: Ahmed Kabani & Lucas Mondino - Marcus & Millichap
- Keys: 105
- Price per Key: $52,381
The buyer of the property is Jacksonville Portfolio Opportunity II LP LLC and the seller is Ravi Hotels LLC. The deal was facilitated by Ahmed Kabani and Lucas Mondino from Marcus & Millichap.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93