Private Investor Acquires Property At 340 S Waukegan Rd Deerfield For $4.9M With Buyer's Reps Allan Miller And Chris Gomes
340 S Waukegan Rd, Deerfield, IL, 60...
$4,900,000
Building Size
—
Asset Type
Hotel
Closing
Dec 2, 2019
About this deal
AI
The property asset involved in this transaction is the Red Roof Inn Deerfield, located at 340 S Waukegan Rd, Deerfield, IL. It consists of 115 rooms and was sold for $4,900,000. The market value is located in Deerfield, Illinois.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $4,900,000.00
- Square Footage: 0
- Address: 340 S Waukegan Rd, Deerfield, IL
- Market: Deerfield
- Buyer's Representative: Allan Miller (Marcus & Millichap), Christopher (Chris) Gomes (Marcus & Millichap)
- Buyer: Private Investor
- Seller: Not disclosed
The transaction involved brokers Ebrahim Valliani, Michael Klar, Allan Miller, and Chris Gomes from Marcus & Millichap, who secured and represented the buyer in the deal. Seller information remains undisclosed.
Players
Deerfield Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93