Four Point Dynamics Acquires Hotel In El Paso For $6.6M Represented By Sagar Sam Patel
SOLD
$6,600,000
Texas
See Similar DealsHotel51,500 SF
Sold
SOLD
Four Point Dynamics Acquires Hotel In El Paso For $6.6M Represented By Sagar Sam Patel
8250 Gateway Boulevard East
See Similar DealsHotel51,500 SF
Sold
Summary
TEXAS
Asset Type:Hotel
Price Per Square Foot:$128
Total Square Footage:51500 SF
Transaction Type:Sale
The property asset involved in this transaction is a hotel located at 8250 Gateway Boulevard East in El Paso. The sale price was $6,600,000, with a total square footage of 51,500, resulting in a price per square foot of $128.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $6,600,000
- Address: 8250 Gateway Boulevard East
- Market: El Paso
- Square Feet: 51,500
- Price Per Square Foot: $128
- Buyer: Four Point Dynamics
- Seller's Representative: Sagar Sam Patel - Apex Lodging Advisors
Sagar Patel of Apex Lodging Advisors represented the seller in this transaction, which was completed as an all-cash sale to an institutional buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$352,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41
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