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
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