Updated Sep 9, 2024
Marcus & Millichap Brokers Sell Hotel In Jourdanton
1800 Texas 97, Jourdanton, TX, USA
Building Size
32,375 SF
Asset Type
Development Site
Closing
Dec 20, 2020
About this deal
AI
An hotel located at 1800 TX-97 E. in Jourdanton was recently sold. The transaction took place on December 21, 2020. The property consists of 65 keys and is situated in the Jourdanton market.
Summary of transaction details
- Property Type: Hotel
- Transaction Date: 12/21/2020
- Address: 1800 TX-97 E.
- Market: Jourdanton
- Keys: 65
The sale of this hotel was facilitated by Andrew B. Frosch, Joseph Manuel, Chris Gomes, and Allan Miller, who are all brokers from Marcus & Millichap.
On the Map
Development Site
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Pleasanton Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93