Vista Hotel IX Inc. Acquires St. Johns Hotel From JAI Mataji Inc. For $4M
601 Anastasia Blvd, St. Augustine, FL 32080, USA
$4,000,000
$154/SF
Building Size
25,920 SF
Asset Type
Other
Closing
Jul 8, 2020
About this deal
AI
The hotel located at 601 Anastasia Blvd in St. Johns has been sold for a price of $4,000,000. Spanning across an area of 25,920 square feet, the property was purchased for approximately $154 per square foot. The transaction took place on July 9, 2020.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $4,000,000
- Address: 601 Anastasia Blvd
- Market: St. Johns
- Square Footage: 25,920
- Price per Square Foot: $154
The buyer, Vista Hotel IX Inc., acquired the hotel from the seller, JAI Mataji Inc.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93