Derek Brazeau Of Hayes & Sherry Brokers Charlestown Hotel Sale For $2.68M
SOLD
$2,680,000
Rhode Island
See Similar DealsHotel
Sold 02/10/2023
SOLD
Derek Brazeau Of Hayes & Sherry Brokers Charlestown Hotel Sale For $2.68M
5407 Post Road, Charlestown, Rhode Island 02813, United States
See Similar DealsHotel
Sold 02/10/2023
Summary
RHODE ISLAND
Asset Type:Hotel
Transaction Type:Sale
A hotel located at 5407 Post Rd in Charlestown, RI has been sold for a total of $2,680,000. The transaction took place on February 10, 2023, and was facilitated by Derek Brazeau of Hayes & Sherry.
Summary of transaction details
- Property Type: Hotel
- Sale Price: $2,680,000
- Date: February 10, 2023
- Address: 5407 Post Rd, Charlestown, RI
- Broker: Derek Brazeau - Hayes & Sherry
Derek Brazeau, representing Hayes & Sherry, played a crucial role in the successful completion of the hotel sale transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$142,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,521.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,704.57
Annual Debt Service$152,454.81
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