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:
- Property Type: Hotel
- Transaction Amount: $1,720,000
- Address: 7712 Potawatomi Trail, Rockford, IL
- Market: Rockford, IL
- Brokers: Ebrahim Valliani, Michael Klar, Allan Miller & Chris Gomes - Marcus & Millichap
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
Rockford 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
9.22%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93