Marcus & Millichap Represents Sale Of White Settlement Hotel On Scott Street
7801 Scott Street, White Settlement, TX, USA
Building Size
37,432 SF
Asset Type
Hotel
Closing
Oct 6, 2020
About this deal
AI
A hotel located at 7801 Scott Street in White Settlement has been sold. The sale took place on October 7, 2020. The property was marketed by Marcus & Millichap.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 7801 Scott Street
- Market: White Settlement
The deal was facilitated by Chris Gomes, Joseph Jaques, and Allan Miller from Marcus & Millichap.
Traded’s record for 7801 Scott Street, White Settlement, TX, USA in Fort Worth, Texas covers a hotel lease from 2020. Published size for 7801 Scott Street, White Settlement, TX, USA is 37,432 square feet. Joseph Jaques, Christopher (Chris) Gomes, Allan Miller, Marcus & Millichap appear on the lease alongside Marcus & Millichap. This page is the Fort Worth, Texas file for the 7801 Scott Street, White Settlement, TX, USA hotel leased: pricing, party profiles, and other closed hotel comps from the same Fort Worth sit in the Market section below. Filter that Fort Worth hotel set by closing date to see what else leased near 7801 Scott Street, White Settlement, TX, USA around 2020. Cite this Marcus & Millichap Represents Sale Of White Settlement Hotel On Scott Street lease when underwriting similar hotel product around Fort Worth, Texas.
Players
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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