Marcus & Millichap Brokers Sell Gonzales Hotel For $UndisclosedM
2019 Water St, Gonzales, TX 78629, Estados Unidos
Building Size
24,678 SF
Asset Type
Other
Closing
Sep 30, 2020
About this deal
AI
The hotel located at 2019 Water Street in Gonzales has been sold. The transaction took place on 10/01/2020. The property is a hotel with 53 keys. The sale was facilitated by Andrew B. Frosch, Joseph Manuel, Chris Gomes, & Allan Miller of Marcus & Millichap.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 2019 Water Street
- Market: Gonzales
- Keys: 53
The deal was successfully closed with the assistance of Andrew B. Frosch, Joseph Manuel, Chris Gomes, & Allan Miller from Marcus & Millichap. These brokers represented the parties involved in the transaction.
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Gonzales Other Market Snapshot
Boundary boundary · Other · 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