facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Hotel

/

Sale

/

7712 Potawatomi Trail, Rock...

Marcus & Millichap Brokers Sell Rockford Hotel For $1.72M
SOLDHotel

Marcus & Millichap Brokers Sell Rockford Hotel For $1.72M

7712 Potawatomi Trail, Rockford, IL 61107, USA

$1,720,000

$39/SF

Building Size

44,146 SF

Asset Type

Hotel

Closing

Sep 13, 2021

AI

The hotel located at 7712 Potawatomi Trail in Rockford, IL has been sold for $1,720,000. The property consists of 131 keys and has a price per key of $13,130.

Summary of transaction details:

The deal was facilitated by brokers Ebrahim Valliani, Michael Klar, Allan Miller, and Chris Gomes from Marcus & Millichap. They represented the parties involved in the transaction, ensuring a successful sale of the hotel.

Players

Allan Miller

Marcus & Millichap

Broker

$162.9M

vol

51 deals

Broker

Rockford Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.22%

Cash-on-Cash

-2.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93