Brad Dorsey & Skyler Henderson Of Marcus & Millichap Facilitate Sale Of Nature’s Own RV Resort In Kingsville
5151 US Route 77
Building Size
—
Asset Type
Hotel
Closing
Sep 24, 2024
About this deal
AI
The asset involved in this transaction is a hotel property situated at 5151 US-77 in Kingsville, covering 16 acres. This RV resort, known as Nature’s Own RV Resort, consists of 115 sites and includes amenities such as a clubhouse and pool.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 5151 US-77
- Market: Kingsville
- Acres: 16
- Amenities: 115 sites, clubhouse, pool
- Brokers: Brad Dorsey & Skyler Henderson - Marcus & Millichap
Brad Dorsey and Skyler Henderson, representing both the seller and buyer, managed the transaction. The involved parties are local private investors who have opted to remain anonymous.
Players
Kingsville 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93