Marcus & Millichap Brokers Sell Middleburg Heights Hotel For $8.7M
7230 Engle Road, Middleburg Hts, Ohio 44130, United States
$8,700,000
Building Size
—
Asset Type
Hotel
Closing
Feb 1, 2022
About this deal
AI
An $8.7 million hotel located at 7230 Engle Road in Middleburg Heights, Ohio has been sold. The transaction took place on February 2, 2022, and the property consists of 238 keys. The price per key was approximately $36,555.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $8,700,000
- Address: 7230 Engle Road, Middleburg Heights, Ohio
- Market: Middleburg Heights, Ohio
The sale was facilitated by Robert Hunter and Scott Havericak from Marcus & Millichap.
Please note that no additional information regarding the property or the transaction is available at this time.
On the Map
$8,700,000
Hotel
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Middleburg Heights 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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93