Updated Oct 28, 2024
Blue Flag Partners Acquires Nantucket Hotel On North Beach Street For $38M
30 North Beach Street, Nantucket, Massachusetts 02554, United States
$38,000,000
$1,051/SF
Building Size
36,129 SF
Asset Type
Hotel
Closing
Jan 24, 2022
About this deal
AI
A hotel located at 30 N Beach St in Nantucket, MA has been sold in a closed transaction. The property sits on approximately 3.5 acres and was sold for a price of $38,000,000. The sale took place on 01/25/2022, and the transaction was captured in a photograph by Terry Sanford.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $38,000,000
- Address: 30 N Beach St, Nantucket, MA
- Market: Nantucket, MA
- ACRES: 3.5
Blue Flag Partners, represented by Terry Sanford, was the buyer in this transaction.
Players
Nantucket Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93