Oceanview Holdings LLC Acquires Chatham, MA Hotel On Main Street For $4.4M
SOLD
$4,400,000
Massachusetts
See Similar DealsHotel
Sold 07/22/2022
SOLD
Oceanview Holdings LLC Acquires Chatham, MA Hotel On Main Street For $4.4M
2079 Main Street, Chatham, Massachusetts 02633, United States
See Similar DealsHotel
Sold 07/22/2022
Summary
MASSACHUSETTS
Asset Type:Hotel
Transaction Type:Sale
The property involved in this transaction is a hotel located at 2079 Main Street in Chatham, MA. The sale took place on 07/22/2022.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $4,400,000
- Address: 2079 Main Street, Chatham, MA
- Market: Chatham, MA
Oceanview Holdings LLC purchased the hotel from Layn Walker LLC. The sale was facilitated by Nicholas Herz of Boston Realty Advisors acting as the broker for the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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