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2030 North 11th Street, Bea...

2030 N 11th St Hotel In Beaumont Sold For $3.3M With Marcus & Millichap Brokers
SOLDHotel

2030 N 11th St Hotel In Beaumont Sold For $3.3M With Marcus & Millichap Brokers

2030 North 11th Street, Beaumont, TX, USA

$3,300,000

$991/SF

Building Size

3,330 SF

Asset Type

Hotel

Closing

Aug 18, 2020

AI

Located at 2030 N 11th St in Beaumont, this hotel property was recently sold in a transaction. The hotel features a total of 53 rooms, offering comfortable accommodations to guests. The sale of the property took place on August 18, 2021. The property was listed for $3,300,000 and was sold at a price per key of $62,264.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $3,300,000
  • Address: 2030 N 11th St, Beaumont
  • Market: Beaumont
  • Rooms: 53
  • Price Per Key: $62,264

The sale of this hotel property was facilitated by Andrew Frosch, Louis Dan, Chris Gomes, and Allan Miller of Marcus & Millichap. Their expertise and representation allowed for a smooth transaction between the involved parties.

Players

Allan Miller

Marcus & Millichap

Broker

$162.9M

vol

51 deals

Broker

Beaumont 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93